India: Melting scrap prices remain flat, d-o-d, in Alang

Shipbreaking melting scrap prices in Gujarat’s Alang market remained stable on 18 Jul’22. HMS (80:20) prices are assessed at INR 43,200/t exy. Prices are stable due to soft trading activity with the onset of monsoon. Meanwhile, scrap prices sharply corrected by INR 800-1,000/t in Mandi Gobindgarh, Punjab