JSPL (Jindal Steel & Power Ltd) has invited bids for sale of around 2,000 MT Mill Scale from its Patratu plant located in Jharkhand. At the same time, Monnet Ispat & Energy has also invited bids for sale of 250 MT Mill Scale laying at Raipur (Chhattisgarh) plant.
With Iron ore mining being hampered in Odisha & Jharkhand, steel manufacturers have shown interest for Mill Scale. Its prices in Chinese market are assessed at USD 80-82/MT CFR China for bulk shipment having Fe content 70/68%.However, in domestic market, prices are at around INR 3,600-3,700/MT (ex- Raipur), INR 3,100-3,200/MT (ex- Kandla) and INR 3,200/MT (ex- Hyderabad).
Mill Scale is a by- product generated during re-rolling process and is used by Pellet and Sinter manufacturers. Unlike Iron ore, Mill Scale does not attract any export duty or differential freight.
[su_box title=”SteelMint Event” style=”bubbles” box_color=”#04183e” title_color=”#ffffff”]SteelMint Event ‘Indian Ferrous Scrap & Mill Scale Trade Meet’ to be held on Saturday 22 Nov, 2014 in Chennai (Tamil Nadu) is one of India’s largest networks for Scrap & Mill Scale traders & buyers. The prime objective of this summit is to create a trade platform for these global buyers & suppliers for trade.[/su_box]
Saturday, 22nd November 2014
For more details please contact Mr. Amit Hablani at +91 70241 49333
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