Shipbreaking melting scrap prices in Gujarat’s Alang market increased by INR 500/t d-o-d, as per SteelMint’s assessment. HMS (80:20) prices are assessed at INR 39,000/t ex-yard. Prices of semi-finished steel rose during the last trading session and active buying interest from the induction furnace-based mills in Bhavnagar, Gujarat, prompted suppliers to hike their offers today.
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