Author: Akshay Bedekar
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India: Melting scrap prices remain stable in Alang, Gujarat
Shipbreaking melting scrap prices in Gujarat’s Alang market remained stable d-o-d except in rolling plates which get corrected on 25 Apr’22. HMS (80:20) prices are assessed at INR 48,500/t exy. Scrap suppliers observed limited buying enquires at current prices. IF mills based in Bhavnagar are unlikely procure material at higher prices due to the lack…