Rising iron ore prices in Chinese spot market have helped Indian domestic mill scale prices moving up. Sources report that mill scale prices have gone up by Rs 100-300 per tonne from last week after global prices moved $5-6/t.
Sources also mention that Mill Scale of 67% with moisture 4-6% is being offered at $147/t CFR China (Bulk) where as in domestic market exporter are willing to purchase at Rs 5,000-5,100/t (Excise Extra) delivered Vizag Port.
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