Category: Ship Breaking

Higher billet, rebar prices support scrap market Mills continue to follow need-based procurement Ship-breaking melting scrap (HMS 80:20) prices in Alang, Gujarat, increased by INR 200/tonne (t) d-o-d to INR 35,200/t ($368/t) ex-yard on 24 August. The increase was driven primarily by tight availability rather than a broad-based improvement in downstream demand. Vessel inflows into…