Tag: India: Alang ship-breaking scrap prices decline as weak steel demand limits buying

Alang scrap slips as weak steel demand persists June ship arrivals improve sharply despite subdued domestic scrap demand Ship-breaking melting scrap prices in Alang declined by INR 500/t day on day to INR 33,300/t ex-yard on 4 July, as subdued downstream steel demand and adequate scrap availability continued to weigh on market activity. Buyers limited…