Category: Ship Breaking

Ship-breaking melting scrap prices in Gujarat’s Alang market surged by INR 4,000/t d-o-d on 19 Nov’22. As per SteelMint’s assessment, HMS (80:20) prices are assessed at INR 40,000/t ex-yard. The removal of export duty on steel products was the key reason behind the recovery in scrap prices. Rolling material prices were not opened by sellers…