Author: Akshay Bedekar

India: Melting scrap prices increase by INR 1,500/t in Alang

Mar 16, 2022

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by

Akshay Bedekar

in Ship Breaking

Melting scrap prices increased by INR 1,500/t d-o-d in Alang, Gujarat, SteelMint assessment shows. HMS (80:20) prices are assessed at INR 44,500/t exy. The sudden hike in semi-finished steel prices during the late hours of yesterday’s trading session propped up scrap prices. There is the pressure to sell ahead of the upcoming Holi festival. Scrap…