Ferrous Scrap offers at Bhavnagar, Asia's biggest ship breaking
yard open lower
by Rs 100/MT on Monday to reach Rs 26,000/MT. Offers for HMS (80:20) in Mumbai also
corrected by Rs 200/MT to keep the demand intact.
Suppliers of rolling plates scrap
in Bhavnagar have lowered their offers by Rs 100-300/MT. Scrap of 4 ANI
plate trades at Rs 26,100/MT, 6 ANI at Rs 26,800/MT and 12 ANI at Rs 27,900/MT.
HMS (80:20) at Mandi Gobindgarh was also quoted at Rs 30,300/MT i.e. down by Rs 200/MT from previous trade & MS
Ingot at Rs 34,250/MT++ i.e. down by Rs 50/MT
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