Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 11 Jun’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 38,500/t ($461/t) ex-yard. Though semi-finished steel prices decreased in yesterday’s trading session in the region, moderate buying inquiries for scrap by the Bhavnagar-based IF steel mills prompted suppliers to keep offers stable today.
