Ship-breaking melting scrap prices in Gujarat’s Alang market fell by INR 500/t ($6/t) d-o-d on 22 Jun’24, according to BigMint’s assessment, HMS (80:20) prices were assessed at INR 37,500/t ($449/t) exy. Limited demand for semi-finished and finished steel were observed in the region during yesterday’s trading session. Additionally, restricted trade activity in scrap prompted suppliers to reduce their offers today.
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