Ship-breaking melting scrap prices in Gujarat’s Alang increased by INR 300/t d-o-d on 1 Apr’25. HMS (80:20) prices were assessed at INR 34,800/t ($407/t) exy. During yesterday’s trading session, both semi-finished and finished steel prices saw an increase in the region. Additionally, active buying inquiries for scrap from induction furnace mills in Bhavnagar, Gujarat, prompted suppliers to raise their offers today.
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