India: Melting scrap prices hold firm d-o-d in Alang

India’s ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 23 Dec’24. According to BigMint’s assessment, HMS (80:20) stood at INR 34,300/t ($403/t) ex-yard. Prices of semi-finished and finished steel remained largely steady in the previous trading session in the region. This, along with moderate trade activities for scrap, prompted suppliers to keep their offers stable today.


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