Ship-breaking melting scrap prices in Gujarat’s Alang market decreased by INR 200/t ($2.4/t) d-o-d on 19 Jun’24. According to BigMint’s assessment, HMS (80:20) prices stand at INR 37,300/t ($447/t) ex-yard. Need-based trade activity was observed in semi-finished and finished steel in the region during yesterday’s trading session. Additionally, moderate trade activity in scrap prompted suppliers to reduce their offers today.
