Shipbreaking melting scrap prices in Alang, Gujarat, declined by INR 300/t d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 49,200/t exy. Lack of demand and buying enquries resulted from prices correcting sharply for semis and dull trading for finished steel. Thus, scrap suppliers reduced their offers slightly in the spot market, sources informed.
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