Tag: alang melting scrap price

Shipbreaking melting scrap prices in Gujarat’s Alang market dropped INR 200/t d-o-d on 11 Jul’22. HMS (80:20) prices are assessed at INR 43,500/t exy. A sharp correction was seen in semi-finished steel prices in north India and lack of buying enquiries for scrap due to weak sentiments in the spot market. These factors prompted scrap…