Author: Akshay Bedekar

Shipbreaking melting scrap prices in Gujarat’s Alang market remained stable d-o-d, SteelMint assessment shows. HMS (80:20) prices are assessed at INR 48,500/t exy. Sellers are trying to push prices higher in the spot market. However, due to weak sentiments amid declining steel billet prices and limited buying enquiries observed yesterday scrap suppliers kept offers unchanged.