Indian Ferrous scrap offers moved up by up to Rs 200/MT on improved demand for the material.
Bhavnagar: HMS scrap from ship breaking traded slightly higher at Rs 23,000/MT i.e. up by Rs 200/MT from previous trade. Offers for rolling plates Plate cutting scrap have also moved up by up to Rs 100-200/MT. Scrap of 4 ANI plate traded at Rs 23,800/MT, 6 ANI at Rs 24,800/MT and 12 ANI at Rs 26,200/MT.
HMS (80:20) scrap offers at Mumbai stands at Rs 21,700/MT (Basic prices), Chennai at Rs 23,200/MT (Basic Prices).
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