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

Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 4 Sep’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 33,800/t ($403/t) ex-yard. Prices of semi-finished and finished steel remained almost firm in the region during the yesterday’s trading session. In addition, moderate trade activity for scrap prompted suppliers to keep their offers stable today.


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