Scrap:-26000++ End Cutting:-27500++Import:-Dubai ---Mumbai(7 Days) 505$.Africa,Europe,US----1.5 Month (480$)Market1. Sources tell that there should be an increase of 1000 Rup. In the price of TMT andIngots in between Holi and the upcoming Budget of 2012.2. Scrap price is already high and there should be stability in the price of Scrap.3. Demand of scrap is high but its supply is low in the market.
Scrap:-Alang(26600/700),Kandla(26200),Rajkot(27500)Imported:-460 origin/TonCast Iron Import:-430/435.MARKET1. Port is Stable for 4-5 Days.
Scrap:-29,800Cast Iron:-30000/mt (Kaccha).Last Deal:-5/03/2012 29,800 (HMS 80/20) in the Morning.Market1. Demand of scrap is very high in the Local Bazzar.