Shipbreaking melting scrap prices in Gujarat’s Alang market decreased by INR 600/t d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 43,100/t ex-yard. Semi-finished steel prices fell in yesterday’s trading session and buying inquires for scrap remain limited owing to weak sentiments in the spot market. This is forcing suppliers in the region to reduce their offers.
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