Ship-breaking melting scrap prices in Gujarat’s Alang market inched up by INR 300/t d-o-d on 31 Jan’24. As per SteelMint’s assessment, HMS (80:20) prices were assessed at INR 34,500/t exy. In the recent trading session, semi-finished steel prices in the region saw an increase of INR 100-200/t. The uptick was driven by moderate buying interest for scrap, prompting suppliers to raise their offers, as reported by industry sources.
