Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 18 May’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 38,800/t ($466/t) ex-yard. Although semi-finished steel prices increased in yesterday’s session in the region, moderate buying inquiries for scrap by the Bhavnagar-based IF steel mills prompted suppliers to keep offers stable today.
