India: Melting scrap prices in Alang stable for fifth successive day

Ship-breaking melting scrap prices in Alang, Gujarat, remained stable for the fifth successive day, as per SteelMint’s assessment. HMS (80:20) prices are assessed at INR 39,700/t exy. Steady semi-finished steel prices in Gujarat during the last trading session, and moderate buying inquiries for scrap in the region prompted suppliers to keep offers stable today.


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