India: Melting scrap prices remain stable in Alang

In Gujarat’s Alang market, ship-breaking melting scrap prices remained stable today, as per SteelMint’s assessment. HMS (80:20) prices are assessed at INR 39,100/t exy. Key markets in the northern and western regions saw lack of trades in semis and finished steel yesterday. However, active scrap buying enquiries at current prices prompted suppliers to keep their offers stable today.


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