Author: Akshay Bedekar

Shipbreaking melting scrap prices in Alang, Gujarat, declined by INR 700/t d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 49,000/t exy. Lack of buying enquiries and the sharp fall in semis prices as well as dull trading in finished steel due to the festive holidays were the key factors. Scrap suppliers…