Tag: Alang melting scrap prices

Shipbreaking melting scrap prices in Gujarat’s Alang market declined further by INR 1,000/t d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 40,000/t exy. Low demand, lack of purchase enquiries for scrap on higher prices along with the lack of support from the semis and finished steel markets forced suppliers to reduce…