India: Melting scrap prices remain unchanged d-o-d in Alang

Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 3 Feb’24. As per SteelMint’s assessment, HMS (80:20) prices stood at INR 34,000/t exy. Despite the decline in semi-finished steel prices during yesterday’s trading session, moderate buying inquiries for scrap in the region prompted suppliers to maintain stable offers today.