Indian mill scale exporters increased their purchase prices amid falling Rupee against the USD (currently 1 USD = Rs 61.50).Current prices are assessed to be in the range of Rs 5,400-5,500/MT on delivered to Vizag port basis.
Exporters confirm that rising iron ore prices have supported mill scale prices in the Chinese market, which has also witnessed an increment of USD 122-123/DMTU on CFR China basis (in bulk shipment) and USD 115-117/MT in containers.
Recently an exporter based in eastern part of India has completed loading 30,000 tons of mill scale from Vizag port.According to sources, deal was executed at around USD 119/MT CFR China, few weeks back.
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