Author: Akshay Bedekar

Shipbreaking melting scrap prices declined by INR 500/t d-o-d in Gujarat’s Alang market on 22 Apr’22. HMS (80:20) prices are assessed at INR 49,000/t exy. Scrap prices decreased due to the lack of trading and low transaction volumes in semis and finished steel which forced suppliers to lower prices in Alang. The conversion spread from…