India: Mill scale prices downtrend in key markets

  • Mill scale prices in Raipur dropped by INR 100/t to INR 7,100/t exw on 12 Jun’24 against 8 June. 3,000 t deal of mill scale concluded at INR 7,000-7,100/t exw Raipur.
  • However, mill scale prices in Kandla recorded a significant fall by INR 450/t to INR 7,100/t DAP Kandla on 12 June’24. Fall in global iron ore prices around $10-11/t in the last ten days followed by sluggish trading activities in the domestic market have weighed on mill scale prices.