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 12 August, 2024. According to BigMint’s assessment, HMS (80:20) prices were at INR 33,300/t ex-yard. Prices of semi-finished and finished steel remained almost stable in the last trading session in the region. In addition, moderate trade activities for scrap prompted suppliers to keep their offers stable today.


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