Author: Yashika Agrawal

Alang scrap gains on firmer Gujarat billet prices Mandi remains subdued amid cautious mill buying Alang’s ship-breaking melting scrap prices for HMS 80:20 increased by INR 200/t day-on-day (d-o-d) to INR 37,000/t ($386/t) ex-yard on 28 September. The increase was supported by firmer billet values in Gujarat, which improved replacement-cost sentiment among suppliers. However, buying…