Ship-breaking melting scrap prices in Gujarat’s Alang market rose by INR 200/t d-o-d on 11 Dec, as per BigMint’s assessment. HMS (80:20) prices were assessed at INR 31,000/t ($344/t) exy. Semi-finished steel prices increased by INR 200-300/t in the region during yesterday’s trading session. Additionally, a rise in buying inquiries for scrap prompted suppliers to raise their offers today.
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