India’s ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 27 Nov’24. According to BigMint’s assessment, HMS (80:20) stood at INR 34,400/t ($407/t) ex-yard. According to sources, there is a significant shortage of scrap in the market. Imported scrap is unavailable, and only 20-25 ships are beached in Alang for dismantling. This situation led scrap suppliers to keep their offers stable today.
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