Author: Rounak Gairarey
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Imported ship breaking scrap prices remain stable; buyers turn active
Ship breaking prices in South Asian markets have remained stable, however trade activities improved amid increased tonnages. India SteelMint’s weekly price assessment of Alang stood at around $360/LT for containers, $340/LT for Dry bulk and $350/LT for Tanker. The Indian Rupee against the US dollar stood close to INR 74. Demand for ship breaking scrap…