Tag: Alang Ship Braking
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India: Alang shipbreaking scrap prices drift down by up to INR 700/t
Alang’s shipbreaking scrap prices contracted by INR 500-700/t, d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 35,800/t, while attachment scrap prices stand at INR 36,800/t. The factors behind the considerable correction were that selling pressure was building up in the semi-finished steel segment and adequate inter-state transactions have been concluded, especially…