Shipbreaking melting scrap prices rose by INR 800/t today in Alang, Gujarat, to an all-time high, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 42,800/t, while attachment prices stand at INR 43,800/t exy. Scrap prices increased as transactions in semi-finished steel picked up along with moderate trading in scrap in the spot market yesterday, which prompted suppliers to raise offers.
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