Ship-breaking melting scrap prices in Gujarat’s Alang market decreased by INR 200/t d-o-d on 11 Jul’24. According to BigMint’s assessment, HMS (80:20) prices stand at INR 35,000/t ($419/t) ex-yard. Need-based trade activity was observed in semi-finished and finished steel in the region during yesterday’s trading session. Additionally, moderate trade activity in scrap prompted suppliers to reduce their offers today.
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