India: Melting scrap prices remain stable in Alang

Shipbreaking melting scrap prices in Alang, Gujarat, opened stable d-o-d today, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 39,700/t exy. Despite the increase in semi-finished and finished steel prices along with moderate trading activity in the last trading session, limited buying enquiries for scrap at current prices prompted suppliers to keep their offers stable today.


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