Tag: ALANG SCRAP MARKET
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India: Alang ship-breaking scrap prices rise on strong domestic steel sentiment
Steel prices strengthen in Gujarat and Mandi Gobindgarh, support scrap prices Tighter availability keeps scrap market sentiment firm amid cautious buying Ship-breaking melting scrap prices in Alang, Gujarat, increased d-o-d on 28 July, with HMS (80:20) assessed at INR 33,800/t ($353/t) ex-yard. The increase followed firmer domestic steel prices in key consuming regions, encouraging recyclers…