Ship-breaking melting scrap prices in Gujarat’s Alang market inched up by INR 300/t d-o-d on 8 Feb’24. As per SteelMint’s assessment, HMS (80:20) prices were assessed at INR 33,800/t exy. The increase in scrap prices was backed by good demand from Bhavnagar-based IF steel mills. The semi-finished steel market also remained supportive with moderate trading.
