India’s ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 23 Nov’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 34,700/t ($411/t) ex-yard. Moderate trade activity was noted in the semi-finished and finished steel markets. Steady buying inquiries from Bhavnagar-based IF steel mills supported stable scrap offers in the region.
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