Ship-breaking melting scrap prices in Gujarat’s Alang market rose by INR 500/t d-o-d on 3 Jan’23. As per SteelMint’s assessment, HMS (80:20) prices are assessed at INR 39,500/t exy. Yesterday, semi-finished steel prices jumped by INR 1,000/t to INR 51,000/t in Bhavnagar due to good demand. This coupled with active buying interest for scrap by the induction furnace mills prompted suppliers to hike their offers today.
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