Category: Ship Breaking

Shipbreaking melting scrap prices declined further by INR 700/t d-o-d in Gujarat’s Alang market, SteelMint assessment shows. HMS (80:20) prices are assessed at INR 35,800/t exy. A sharp correction was observed in semi-finished steel prices in yesterday’s trading session and there were limited buying inquiries for scrap owing to weak sentiments in the spot market.…