Category: Ship Breaking

Ship-breaking melting scrap prices in Alang, Gujarat, declined by INR 500/t d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 39,200/t exy. Lack of demand and buying enquiries due to the sharp correction in semis prices and limited trading in finished steel in the region weighed on prices. Scrap suppliers reduced their…