Ship-breaking melting scrap prices in Alang, Gujarat, declined by INR 500/t d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 39,200/t exy. Lack of demand and buying enquiries due to the sharp correction in semis prices and limited trading in finished steel in the region weighed on prices. Scrap suppliers reduced their offers slightly as a result, sources informed.
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