Tag: Alang shipbreaking melting scrap prices

India: Melting scrap prices drop INR 500/t d-o-d in Alang, Gujarat

Jun 25, 2022

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by

Kamal Gohil

in Ship Breaking

Shipbreaking melting scrap prices declined by INR 500/t d-o-d in Gujarat’s Alang market, SteelMint assessment shows. HMS (80:20) prices are assessed at INR 40,000/t ex-yard. Limited trades in semi-finished and finished steel material in the region in yesterday’s trading session and drop in global scrap prices forced scrap suppliers to reduce their offers.