Tag: India: Alang scrap prices decline INR 200/t d-o-d

India: Alang’s melting scrap prices decline INR 200/t d-o-d

Jan 11, 2025

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by

Tarun Naidu

in Melting Scrap

Prices of ship-breaking melting scrap in Gujarat’s Alang market decreased by INR 200/t on 11 Jan’25, according to BigMint. HMS (80:20) was assessed at INR 33,000/t ($383/t) ex-yard. Weak demand for semi-finished and finished steel during yesterday’s trading session led to subdued scrap procurement, compelling suppliers to reduce their prices today.