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

Ship-breaking melting scrap prices in Alang, Gujarat, remained unchanged d-o-d on 19 Mar’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 33,800/t ex-yard. Semi-finished steel prices in Gujarat remained almost stable in the yesterday’s trading session, and moderate buying enquiries for scrap in the region prompted suppliers to maintain firm offers today.