Category: Ship Breaking

Shipbreaking melting scrap prices in Alang, Gujarat, declined by INR 200/t d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 39,500/t exy. Lack of demand and buying enquiries resulted from prices correcting sharply for semis and limited trading for finished steel. Thus, scrap suppliers reduced their offers slightly in the spot market,…