Tag: India: Melting scrap prices drop INR 700/t ($8.38/t) d-o-d in Alang

India: Melting scrap prices drop by INR 700/t ($8.38/t) d-o-d in Alang

Jun 24, 2024

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by

Tarun Naidu

in Melting Scrap

Ship-breaking melting scrap prices in Gujarat’s Alang market dropped by INR 700/t ($8.38/t) d-o-d on 24 Jun’24, according to BigMint’s assessment. HMS (80:20) prices were assessed at INR 36,800/t exy. Demand for semi-finished and finished steel remained low in the region during yesterday’s trading session. Additionally, restricted scrap trade activity prompted suppliers to adjust their…