Category: Ship Breaking
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India: Melting scrap prices decrease further by INR 500/t d-o-d in Alang
Ship-breaking melting scrap prices declined further by INR 500/t d-o-d in Gujarat’s Alang market. HMS (80:20) prices are assessed at INR 39,500/t exy on 3 Nov’22. A sharp correction in semi-finished steel prices was observed in north region yesterday which coupled with limited buying inquires for scrap forced suppliers to reduce their offers today.