Shipbreaking melting scrap prices in Gujarat’s Alang market increased by INR 500/t d-o-d, as per SteelMint’s assessment. HMS (80:20) prices are assessed at INR 38,500/t ex-yard. Prices of semi-finished steel rose during yesterday’s trading session, and active buying interest for scrap by the induction furnace mills at Bhavnagar, Gujarat, prompted suppliers to hike their offers, sources informed.
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