Author: Akshay Bedekar

Shipbreaking melting scrap prices in Gujarat’s Alang market dropped INR 300/t d-o-d on 17 May’22. HMS (80:20) prices are assessed at INR 46,200/t exy. A sharp correction was observed in semi-finished steel prices and there were few buying enquiries for scrap owing to weak sentiments in the spot market. These factors prompted scrap suppliers in…