With stall in rise in Iron ore prices in Chinese spot market, Indian Mill Scale exporters have also kept their offers firm. Although buying interest seem to be fading out with falling steel prices in Chinese market.
According to market sources, Indian exporters are offering 70/68 % Fe Mill Scale at around $121-122/t CFR China in bulk. Prices have not moved up in proportion to spot iron ore prices, which have gained over $10 in last few weeks.Last deal of Mill Scale was heard done at around $119/t from Vizag port in early July.
In Indian domestic market Mill Scale buying interest remains at around Rs 5,100-Rs 5,200 per tonne, delivered Vizag port.
Mill Scale is waste generated during rolling to semi finished product and is exported in small quantities from India, Turkey and Pakistan.
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