SteelMint Indian Scrap Index reaches at 90.07 points,
down by 0.07% during last week. Lower buying activities have also pulled the
scrap offers down during the same period.
Ship breaking scrap offers in Alang open at same quotes
from last week. HMS traded at Rs 23,600/MT. Further, Ship cutting plates
suppliers have also kept their prices unchanged. Scrap of 4 ANI plate traded at
Rs 25,000/MT, 6 ANI at Rs 25,700/MT and 12 ANI at Rs 27,200/MT.
Scrap suppliers in Punjab state including Mandi
Gobindgarh are still on strike against the e-Bill system. So, no trades have been
seen in past few days.
Reportedly, a small tonnage of shredded scrap
was sold at $407/MT CFR Mumbai + Rs 2,500/MT ICD Ex Raipur, late last week.
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