Ship-breaking melting scrap prices in Gujarat’s Alang increased by INR 500/t d-o-d on 18 Apr’24. HMS (80:20) prices were assessed at INR 36,800/t ($425/t) exy. Trade activities increased for semi-finished and finished steel in yesterday’s trading session in the region, accompanied by active buying inquiries for scrap by the IF mills in Bhavnagar-Gujarat. This prompted suppliers to increase their offers today.
