Prices of scrap in various market softened further on January 16, extending the weak trend witnessed over the past few days.
Melting scrap prices too moved along similar lines, softening a bit on January 16 to Rs 20,200 after having moved up significantly on January 13 to Rs 20,800.
A mixed trend was seen in offers, sources said.
Imported HMS (80:20) offers were quoted at $190 per ton while the shredded variety was quoted at $205 per ton.
Following table gives indicative prices of scrap in various markets during the past seven days:
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
16-Jan-16 |
15-Jan-16 |
9-Jan-16 |
|
MANDI GOBINDGARH |
18,200 |
18,300 |
17,700 |
LUDHIANA |
20,000 |
20,100 |
- |
JAIPUR |
19,500 |
19,500 |
- |
BHILAI |
17,300 |
17,300 |
16,700 |
MUZAFFARNAGAR |
19,000 |
- |
- |
MUMBAI |
16,000 |
- |
- |
GHAZIABAD |
19,700 |
- |
- |
KANPUR |
18,700 |
- |
- |
INDORE |
18,500 |
- |
- |
Source: Compilation from various sources & ISMW data
SOurce: ISMW