Ship-breaking melting scrap prices in Gujarat’s Alang market rose by INR 200/t d-o-d on 22 Nov’24, as per BigMint’s assessment. HMS (80:20) stood at INR 34,700/t ($411/t) exy. Semi-finished steel prices increased by INR 300-400/t in the region during yesterday’s trading session. This uptrend, along with decent buying inquiries for scrap from Bhavnagar-based mills, prompted suppliers to raise their offers today.
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