Ship-breaking melting scrap prices in Gujarat’s Alang market decreased by INR 200/t d-o-d on 1 Aug’24. According to BigMint’s assessment, HMS (80:20) prices stand at INR 35,800/t ($428/t) ex-yard. Semi-finished steel prices fell by around INR 200/t in the region during yesterday’s trading session due to limited demand. Additionally, moderate trade activities in scrap prompted suppliers to reduce their offers today.
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