Author: Akshay Bedekar

Shipbreaking melting scrap prices increased by INR 200/t in Alang today and HMS (80:20) prices are at INR 48,200/t exy. Scrap prices are on the rise on availability concerns, supplier sources informed SteelMint. However, weak spot trades in semi-finished steel during the last trading session and limited buying enquiries for scrap by the IF mills…