Ship-breaking melting scrap prices in Gujarat’s Alang decreased by INR 300/t d-o-d on 10 Nov’22. HMS (80:20) prices are assessed at INR 38,000/t exy, as per SteelMint assessment. Limited scrap purchase enquiries at higher prices coupled with fewer transactions in semi-finished steel in Gujarat market in yesterday’s session led to a drop in scrap offers today.
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