Tag: India: Alang melting scrap prices remain steady for third straight day

Tight vessel pipeline limits fresh scrap generation Festival lull keeps Gujarat steel trade subdued Ship-breaking melting scrap (HMS 80:20) prices in Alang, Gujarat, remained unchanged d-o-d for the third consecutive day, assessed at INR 36,500/t ($384/t) ex-yard on 2 September. Prices remained range-bound despite firmer steel values in key consuming markets, as need-based mill procurement…