India: Melting scrap prices remain stable for third consecutive day in Alang

Ship-breaking melting scrap prices in Alang, Gujarat, remained stable for the third consecutive day on 22 Feb’25. According to BigMint’s assessment, HMS (80:20) prices were at INR 32,700/t ($377/t) ex-yard. Semi-finished and finished steel prices held steady in the yesterday’s trading session in the region. Besides, moderate trade activity in scrap prompted suppliers to keep their offers stable today.


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