India: Melting scrap prices remain firm d-o-d in Alang

Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 6 Sep’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 34,000/t ($405/t) ex-yard. Prices of semi-finished and finished steel mostly remained firm in yesterday’s trading session in the region. This, as well as moderate trade activities for scrap, prompted suppliers to keep their offers unchanged today.


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