Tag: Alang scrap steelMint
-
India: Melting scrap prices rise by INR 300/t in Alang, Gujarat
Shipbreaking melting scrap prices in Gujarat’s Alang market increased by INR 300/t d-o-d on 27 Jul’22, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 43,500/t exy. Bhavnagar-based ingot manufacturers informed that current margins from melting scrap (HMS 80-20) to ingot is very low. Till yesterday the margin was hovering around INR 6,200-6,500/t.