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

Shipbreaking melting scrap prices in Alang, Gujarat, remained stable d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 44,000/t exy. Key markets in the northern and western regions saw lack of trades in semis and finished steel yesterday. However, active buying enquiries at current prices prompted scrap suppliers to keep their offers stable today.


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