Author: Shankar
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India: Alang’s ship-breaking scrap prices rise INR 500/t d-o-d on tight scrap supply
Scrap buying slows amid weak semis, finished steel demand Mills largely buying DRI; scrap preferred only for immediate needs Ship-breaking melting scrap prices in Alang increased by INR 500/t d-o-d on 18 July, with HMS (80:20) assessed at INR 34,000/t ex-yard. The price improvement was supported by tight scrap availability due to limited vessel arrivals. However,…