Tag: alang bhangar
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India: Melting scrap prices drop by INR 200/t d-o-d in Alang
Prices of ship-breaking melting scrap in Gujarat’s Alang market decreased by INR 200/t d-o-d on 29 Jul’25, according to BigMint. HMS (80:20) was assessed at INR 32,000/t ($368/t) ex-yard. Weak demand and a price drop in semi-finished steel during yesterday’s trading session led to subdued scrap procurement, compelling suppliers to reduce their prices today.