Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 12 Jun’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 38,500/t ($461/t) ex-yard. In yesterday’s trading session, need-based trade activity was observed in both semi-finished and finished steel in the region. The limited availability of scrap, due to fewer ships available for dismantling, has prompted suppliers to keep their offers stable today.
