Category: Ship Breaking
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India: Melting scrap prices inch up d-o-d in Alang, Gujarat
Ship-breaking melting scrap prices in Alang, Gujarat, inched up by INR 200/t d-o-d on 18 Nov’22. As per SteelMint’s assessment, HMS (80:20) prices are assessed at INR 36,000/t ex-yard. The recovery in semi-finished steel prices in the second half of yesterday’s session triggered buying interest for scrap, resulting in a hike in scrap offers.