With rising prices of mill scale and iron ore in Chinese spot market, demand from Indian exporters have also improved. Looking at increased number of queries, prices have been raised by Rs 200-300/t.Currently 68/70 % Fe mill scale is trading in range of Rs 4,600-4,700/t (Ex-Works) at Raipur.
“Mill scale prices have moved up to $146-148/t (up by $4-5) from last week, also rupee hovering at all time low of 56.90/ USD, Indian exporters want to capitalize.” said a market tarder.
Currently 68/70 % Fe Mill scale heard to be trading in range of Rs 5,900-6,000/t (F.O.R Vizag Port), excise as applicable.
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