Shipbreaking melting scrap prices in Gujarat’s Alang market increased by INR 500/t d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 46,200/t ex-yard. Prices of semi-finished steel rose during the second half of yesterday’s trading session and moderate buying interest from the induction furnace-based mills at Bhavnagar, Gujarat, prompted suppliers to hike their offers.
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