Ship-breaking melting scrap prices in Gujarat’s Alang market decreased by INR 100/t day-on-day on 2 Mar’24. According to BigMint’s assessment, HMS (80:20) prices stand at INR 33,600/t ex-yard. The decline in semi-finished steel prices in yesterday’s session, coupled with moderate buying enquiries for scrap due to weak sentiments in the spot market, prompted suppliers to reduce their offers.
