Shipbreaking melting scrap prices in Alang, Gujarat, increased by INR 300/t d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 46,500/t ex-yard. Prices of semi-finished steel increased yesterday along with slight improvement in buying interest for scrap. Although limited trades happened in the spot market, suppliers hiked offers due to improvement in steel prices.
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