Ship-breaking melting scrap prices in Gujarat’s Alang market inched up by INR 300/t d-o-d on 15 Oct’24, as per BigMint’s assessment. HMS (80:20) prices were assessed at INR 34,500/t ($410/t) exy. Semi-finished steel prices increased by INR 400-500/t in the region during yesterday’s trading session. This, along with decent buying inquiries for scrap from Bhavnagar-based mills, prompted suppliers to raise their offers today.
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