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

Ship-breaking melting scrap prices in Alang, Gujarat, remained unchanged d-o-d on 21 Mar’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 34,000/t ($409/t) ex-yard. Semi-finished steel prices held steady in the region during yesterday’s trading session, and moderate buying inquiries for scrap at current price levels encouraged scrap suppliers to maintain firm offers today.