India: Melting scrap prices rise by INR 300/t in Alang

Alang’s shipbreaking melting scrap prices rose by INR 300/t d-o-d. Heavy melting scrap(HMS 80:20) is assessed at INR 38,800/t exw, while attachment prices stand at INR 39,800/t exw. Semi-finished steel prices rose considerably in yesterday’s trading session and renewed buying enquiries supported scrap suppliers to increase offers.


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