India: Mill scale prices head south on falling pellet prices

  • Mill scale prices in Raipur for Fe (68-70%) dropped by INR 50/t to INR 6,800/t exw on 24 Feb against 21 Feb. Deals of 3,250 t were concluded at INR 6,750-7,200/t exw.
  • Meanwhile, prices in Kandla fell by INR 200/t to stand at INR 7,700/t DAP today against 21 Feb. Deals of 500 t were concluded at INR 7,600/t DAP. Buyers have slowed down in view of fall in export price.