India: Shipbreaking scrap prices increase by INR 500/t d-o-d in Alang, Gujarat

Shipbreaking melting scrap prices in Alang, Gujarat increased by INR 500/t d-o-d on 27 June. HMS (80:20) prices are assessed at INR 40,500/t exy, as per SteelMint assessment. Scrap suppliers raised offers on back of moderate buying inquiries at current prices despite weak semi-finished steel sales seen in the last trading session.