Ship-breaking melting scrap prices in Gujarat’s Alang market decreased by INR 200/t d-o-d on 24 Apr’26. According to BigMint’s assessment, HMS (80:20) prices stand at INR 36,800/t ($390/t) ex-yard. Semi-finished steel prices fell by INR 500-600/t in the region due to the limited trade activities in previous trading session. Meanwhile, average demand for scrap by Bhavnagar-based IF mills prompted suppliers to reduce their offers today.
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