Ship-breaking melting scrap prices in Alang, Gujarat, remained stable for the fourth consecutive day on 22 Apr’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 36,800/t ($441/t) ex-yard. Though semi-finished and finished steel prices were up by INR 200/t in yesterday’s trading session, in the region moderate buying inquiries for scrap by the Bhavnagar-based IF steel mills prompted suppliers to keep offers stable today.
