Category: Ship Breaking

Regional markets remain mixed amid cautious buying Downstream steel demand continues to restrict trade activity Ship-breaking melting scrap prices in Alang, Gujarat, increased on 9 July, with HMS (80:20) assessed at INR 33,700/t ($353/t) ex-yard. The gain was driven by persistent rainfall, which disrupted ship-cutting operations and reduced the availability of processed scrap. Scrap prices…