Ship-breaking melting scrap prices in Gujarat’s Alang market inched up by INR 200/t d-o-d on 14 Oct’24, as per BigMint’s assessment. HMS (80:20) prices were assessed at INR 34,200/t ($407/t) exy. Moderate demand for semi-finished and finished steel was observed during the previous trading session. This, along with decent buying inquiries for scrap from Bhavnagar-based mills, prompted suppliers to raise their offers today.
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