Author: Kamal Gohil
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India: Melting scrap prices fall by INR 500/t d-o-d in Alang
Shipbreaking melting scrap prices in Gujarat’s Alang market fell by INR 500/t d-o-d, as per SteelMint’s assessment. HMS (80:20) prices are assessed at INR 37,600/t ex-yard. Semi-finished steel prices fell in yesterday’s trading session and buying inquires for scrap remained limited owing to weak sentiments in the spot market. This is forcing suppliers in the…