Tag: Gujarat scrap metal market
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India: Melting scrap prices drop by INR 200/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat’s Alang market decreased by INR 200/t d-o-d on 14 May’25. According to BigMint’s assessment, HMS (80:20) prices stood at INR 33,500/t ($392/t) ex-yard. This adjustment follows a drop in semi-finished steel prices in the region by INR 200-300/t, coupled with moderate trade activity in scrap. In response to these…