Author: Akshay Bedekar
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India: Melting scrap prices decrease by INR 500/t d-o-d in Alang
Shipbreaking melting scrap prices in Gujarat’s Alang declined by INR 500/t d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 48,500/t exy. Lack of purchase enquiries for scrap on higher prices along with limited trades in semis and in the finished steel market forced scrap suppliers to reduce offers in the spot…