Category: Ship Breaking

Limited vessel inflows restrict fresh scrap generation, keeping offers firm Weak finished steel offtake, hand-to-mouth scrap buying cap further upside Ship-breaking melting scrap (HMS 80:20) prices in Alang, Gujarat, increased by INR 300/tonne (t) d-o-d to INR 35,500/t ($371/t) ex-yard on 25 August, as tight availability continued to support the market. The rise was mainly…