India: Melting scrap prices remain stable in Alang, Gujarat

Shipbreaking melting scrap prices in Alang, Gujarat, remained stable d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 45,200/t exy. Lack of trades in semis and finished steel in key markets in northern and western India was seen yesterday. However, active buying inquiries at current price levels prompted scrap suppliers to keep their offers stable today.


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