Ship-breaking melting scrap prices in Gujarat’s Alang market decreased by INR 200/t d-o-d on 5 Oct’24. According to BigMint’s assessment, HMS (80:20) prices stood at INR 35,100/t ($418/t) ex-yard. Need-based trade in semi-finished and finished steel was observed in the region during yesterday’s session. Additionally, moderate trade in scrap prompted suppliers to reduce their offers today.
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