Ship-breaking melting scrap prices in Gujarat’s Alang market inched up by INR 200/t d-o-d on 16 Jul’24. HMS (80:20) prices were assessed at INR 36,000/t ($431/t) exy. Moderate demand for semi-finished and finished steel was observed in the region during yesterday’s trading session. Along with decent buying inquiries for scrap from Bhavnagar-based mills, this prompted suppliers to raise their offers today.
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