Tag: India: Alang ship-breaking scrap declined by INR 300/t d-o-d amid softer steel sentiment

Billet prices decreased by INR 400/t d-o-d in Bhavnagar Mandi-Gobindgarh scrap prices weaken amid cautious buying Alang ship-breaking melting scrap prices corrected by INR 300/t d-o-d to INR 38,500/t ($401/t) ex-yard for HMS (80:20). The decline reflects weaker market sentiment, with buyers adopting a cautious approach amid limited trading activity and subdued procurement interest. Gujarat…