Ship-breaking melting scrap prices in Alang, Gujarat, remained stable for the third consecutive day on 4 Jul’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 36,500/t ($437/t) ex-yard. Though semi-finished steel prices decreased in yesterday’s trading session in the region, moderate buying inquiries for scrap by the Bhavnagar-based IF steel mills prompted suppliers to keep offers stable today.
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