Tag: HMS 80:20
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India: Alang’s scrap prices ease as softer billet weighs on market sentiment
Buyers stay selective, limiting fresh scrap procurement Diverging steel price trends keep market activity cautious Alang’s ship-breaking melting scrap prices for HMS 80:20 decreased by INR 500/t d-o-d to INR 39,000/t ($406/t) ex-yard on 1 October. The decline reflected softer sentiment in key consuming markets, particularly as billet prices weakened in Gujarat and Mandi. Buyers…