India: Melting scrap prices remain stable in Alang, Gujarat

Ship-breaking melting scrap prices in Alang, Gujarat, stayed unchanged day-on-day on 30 Mar’24. According to BigMint’s assessment, HMS (80:20) prices were INR 34,200/t ex-yard. Semi-finished steel prices remained steady in yesterday’s trading session in the region, and moderate trade activities in scrap prompted suppliers to keep prices stable.