Author: Akshay Bedekar

Shipbreaking melting scrap prices in Alang, Gujarat, declined by INR 300/t d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 49,200/t exy. Lack of demand and buying enquries resulted from prices correcting sharply for semis and dull trading for finished steel. Thus, scrap suppliers reduced their offers slightly in the spot market,…