Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 22 May’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 38,800/t ($466/t) ex-yard. Moderate trade activities were observed for semi-finished and finished steel in the region during yesterday’s trading session. Additionally, moderate buying activities for scrap from induction furnace mills in Bhavnagar, Gujarat, prompted scrap suppliers to maintain stable prices today.
