Tag: Alang shipbreaking melting scrap prices

India: Melting scrap prices inch down by INR 300/t, d-o-d, in Alang

Jun 30, 2022

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by

Kamal Gohil

in Ship Breaking

Shipbreaking melting scrap prices in Gujarat’s Alang market dropped INR 300/t d-o-d on 30 Jun’22. HMS (80:20) prices are assessed at INR 40,000/t exy. A sharp correction was seen in semi-finished steel prices in north India and lack of buying enquiries for scrap due to weak sentiments in the spot market. These factors prompted scrap…