Shipbreaking melting scrap prices in Alang, Gujarat, remain stable, d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 40,000/t exy. Scrap availability in the nearby states improved yesterday and it is expected that prices will drop from here on. A market source informed that the main reason for increased scrap availability is the rise in imported scrap supply.
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