Tag: Alang shipbreaking melting scrap prices

India: Melting scrap prices inch down by INR 200/t d-o-d in Alang

Jul 22, 2022

—

by

Kamal Gohil

in Melting Scrap, Ship Breaking

Shipbreaking melting scrap prices in Gujarat’s Alang market dropped INR 200/t d-o-d on 22 Jul’22. HMS (80:20) prices are assessed at INR 42,600/t exy. A sharp correction was observed in semi-finished steel prices and there were few buying enquiries for scrap owing to weak sentiments in the spot market. These factors prompted scrap suppliers in…