India: Melting scrap prices remain stable d-o-d in Alang

Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 14 Mar’24. As per SteelMint’s assessment, HMS (80:20) prices stood at INR 33,500/t exy. Semi-finished steel prices remained stable in the region in yesterday’s trading session and moderate buying inquiries for scrap at current price levels prompted scrap suppliers to keep offers firm today.