Tag: Alang ship-breaking scrap prices

Melting scrap prices in Alang rose by INR 600/t today. HMS (80:20) prices are at INR 38,800/t, while attachment scrap prices stand at INR 39,800/t. Semi-finished steel prices increased by INR 600-700/t yesterday. However, induction furnace units are still grappling with narrow conversion spreads from melting scrap to semis, which was assessed by SteelMint at…