With Chinese market remain shut for autumn holidays, Indian exporters have kept their offers for mill scale unchanged at levels similar to last week. According to trade sources, current offers stand at around USD 127-129/MT CFR China main port, for grade Fe 68/70.
Chinese market have been closed since 1st October on account of golden week, and will open on 8th of October.
Indian Domestic Market
In domestic market prices are hovering in the range of Rs 5,600-5,800/NT Delivered Vizag port. Unlike iron ore it neither attracts any export duty nor differential based charges for exports.
Mill Scale, a waste generated during re-rolling of alloy steel in the form of dust, which is used by blast furnace and also used for blending with low grade iron ore.
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