India: Mill scale prices drop further on falling pellet prices

  • Mill scale prices in Kandla decreased by INR 250/t to INR 6,550/t DAP Kandla on 29 June’24 against 26 June. 2,550 t deals of mill scale concluded at INR 6,400-6,700/t DAP Kandla.
  • Meanwhile, mill scale prices in Raipur fell by INR 100/t to INR 6,800/t exw on 29 Jun’24. Lower bids on falling pellet offers and absence of trading activities amid bid-offer disparities have pressurised mill scale prices in the region.

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