Author: Yashika Agrawal

Ship-breaking scrap prices decline on softer billet market conditions Mandi Gobindgarh faces scrap shortages and production disruptions Ship-breaking melting scrap prices in Alang, Gujarat, declined by INR 300/t ($3/t) day on day to INR 33,000/t ($347/t) ex-yard for HMS (80:20), reflecting softer market conditions and cautious buying interest. Softer downstream steel demand and subdued mill…