India: Mill scale prices track downtrend in key markets

  • Mill scale (Fe68-70%) prices in Kandla dropped INR 150/t at INR 6,650/t DAP on 16 Mar’24 as against 13 Mar.
  • Prices in Raipur inched down by INR 50/t stood at INR 6,600/t exw today. A 700 t deal was booked at INR 6,700-6,800/t.
  • Drop in pellet prices and falling trade activities in the key markets were seen, as mills are opting to wait-and-watch for price clarity.