Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 26 Jul’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 35,400/t ($423/t) ex-yard. Moderate trade activities were observed for semi-finished steel in the region during yesterday’s trading session. Additionally, moderate buying inquiries for scrap from induction furnace mills in Bhavnagar, Gujarat, prompted suppliers to maintain stable prices today.
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