Shipbreaking melting scrap prices in Gujarat’s Alang market decreased by INR 600/t d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 39,600/t ex-yard. Semi-finished steel prices fell in yesterday’s trading session and buying inquires for scrap remained dull owing to weak sentiments in the spot market, which forced suppliers in the region to reduce their offers.
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