Category: Ship Breaking

Shipbreaking melting scrap prices in Gujarat’s Alang market dropped INR 500/t d-o-d on 3 Dec’22. HMS (80:20) prices are assessed at INR 39,000/t exy. Downward correction was seen in semi-finished steel prices in north India and limited buying enquiries for scrap due to weak sentiments in the spot market. These factors prompted scrap suppliers in…