Ship-breaking melting scrap prices in Gujarat’s Alang increased by INR 300/t d-o-d on 27 June’24, as per BigMint’s assessment. HMS (80:20) prices were assessed at INR 36,300/t ($435/t) exy. During the second half of yesterday’s trading session, semi-finished steel prices increased in the region. Additionally, strong buying inquiries for scrap from induction furnace mills in Bhavnagar prompted scrap suppliers to raise their offers today.
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