Ship-breaking melting scrap prices in Alang, Gujarat, remained stable for the second consecutive day on 7 Sep’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 34,000/t ($405/t) ex-yard. Though semi-finished steel prices fell in yesterday’s trading session in the region, moderate buying inquiries for scrap by Bhavnagar-based IF steel mills prompted suppliers to keep offers stable today.
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