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

Ship-breaking melting scrap prices in Alang, Gujarat, remained unchanged d-o-d on 10 Apr’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 34,700/t ($417/t) ex-yard. Semi-finished steel prices held steady in the region during yesterday’s trading session, and moderate buying inquiries for scrap at current price levels encouraged scrap suppliers to maintain firm offers today.