Shipbreaking melting scrap prices in Gujarat’s Alang market increased by INR 1,500/t d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 43,200/t ex-yard. The sudden hike in semi-finished steel prices yesterday left the market perplexed and most participants held scrap offers, opting to wait and watch. Meanwhile, a few semis deals for same-day delivery were heard concluded at higher levels.
Leave a Reply