Author: Akshay Bedekar

Shipbreaking melting scrap prices declined further by INR 700/t d-o-d in Gujarat’s Alang market, SteelMint assessment shows. HMS (80:20) prices are assessed at INR 45,500/t ex-yard. The drop in semi-finished steel prices and low buying enquiries for scrap amid muted trading in the spot market drove prices lower. Currently, the conversion spread from scrap to…