Shipbreaking melting scrap prices in Gujarat’s Alang market remained stable d-o-d, SteelMint assessment shows. HMS (80:20) prices are assessed at INR 48,500/t exy. Scrap prices remained stable despite the hike in semi-finished steel prices during yesterday’s trading session. Limited buying enquiries for scrap prompted suppliers to open offers unchanged today. However, disparity between bids and offers is also seen in the spot market.
Leave a Reply