Tag: Alang scrap rates
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India: Melting scrap prices rise by INR 200/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat’s Alang market rose by INR 200/t d-o-d on 10 Feb’25, as per BigMint’s assessment. HMS (80:20) stood at INR 33,200/t ($379/t) exy. In the previous trading session, semi-finished steel prices in the region increased by approximately INR 300/t. This led to active inquiries for scrap, which encouraged suppliers to…