Ship-breaking melting scrap prices in Gujarat’s Alang market rose by INR 600/t d-o-d on 12 Jan’23. As per SteelMint’s assessment, HMS (80:20) prices stand at INR 39,000/t ex-yard. An increase in semi-finished steel prices in yesterday’s trading session, along with active buying interest for scrap by the induction furnace mills in Bhavnagar pushed scrap suppliers to hike their offers, sources informed.
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