Ship-breaking melting scrap prices in Gujarat’s Alang market increased by INR 500/t d-o-d on 13 Jul’24. HMS (80:20) prices were assessed at INR 35,800/t ($429/t) exy. During yesterday’s trading session, semi-finished and finished steel prices rose in the region. Furthermore, active buying inquiries for scrap from induction furnace mills in Bhavnagar led scrap suppliers to increase their offers today.
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