Tag: Ahmedabad rebar

Monsoon keeps scrap supply constrained Cautious buying weighs on market Ship-breaking melting scrap prices in Alang, Gujarat, remained unchanged on 14 July, with HMS (80:20) assessed at INR 34,000/t ($354/t) ex-yard, as supply constraints continued to balance weak demand from secondary steelmakers. Persistent monsoon rainfall continued to disrupt ship-cutting operations across Alang’s recycling yards, slowing…