Category: Ship Breaking

Shipbreaking melting scrap prices in Gujarat’s Alang market dropped INR 300/t d-o-d on 31 Oct’22. HMS (80:20) prices are assessed at INR 40,500/t exy. A sharp correction was seen in semi-finished steel prices in western India and limited buying enquiries for scrap due to weak sentiments in the spot market. These factors prompted scrap suppliers…