Ship-breaking melting scrap prices in Gujarat’s Alang market edged up by INR 200/t d-o-d on 6 Mar’23. As per SteelMint’s assessment, HMS (80:20) prices stand at INR 39,000/t ex-yard. An increase in semi-finished steel prices in the northern region and active scrap buying by Bhavnagar-based induction furnace mills in the last trading day prompted suppliers to raise offers.
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