India: Melting scrap prices remain unchanged in Alang, Gujarat

Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 24 Feb’24. As per BigMint’s assessment, HMS (80:20) prices stood at INR 33,700/t exy. Despite the rise in semi-finished steel prices during yesterday’s trading session, moderate buying enquiries for scrap in the region encouraged suppliers to maintain stable offers today.