Ship-breaking melting scrap prices in Gujarat’s Alang market decreased by INR 200/t d-o-d on 23 Apr’24. According to BigMint’s assessment, HMS (80:20) prices stood at INR 36,600/t ex-yard. The decline in semi-finished steel prices in yesterday’s session, coupled with moderate buying enquiries for scrap due to weak sentiments in the spot market, prompted suppliers to reduce their offers today.
