India: Melting scrap prices remain unchanged in Alang

Ship-breaking melting scrap prices in Alang, Gujarat, held steady d-o-d on 28 Feb’24. According to BigMint’s assessment, HMS (80:20) prices were reported at INR 33,500/t ex-yard. Semi-finished steel prices in Bhavnagar-Gujarat remained nearly unchanged in yesterday’s trading session, along with moderate buying inquiries for scrap in the region. These encouraged scrap suppliers to uphold firm offers today.