Ship-breaking melting scrap prices in Gujarat’s Alang increased by INR 400/t d-o-d on 2 Jun’25, as per BigMint’s assessment. HMS (80:20) stood at INR 32,900/t ($385/t) exy. Inquiries for both semi-finished and finished steel rose in the previous trading session, driving active demand for scrap. Consequently, in response to the increased buying interest, scrap suppliers raised their prices.
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