Ship-breaking melting scrap prices in Gujarat’s Alang increased by INR 200/t d-o-d on 1 Jun’24, as per BigMint’s assessment. HMS (80:20) prices were assessed at INR 39,000/t ($466/t) exy. Active demand for semi-finished and finished steel were observed in the region during yesterday’s trading session. Moreover, decent buying inquiries for scrap from Bhavnagar-based mills prompted suppliers to raise their offers today.
