Tag: India: Melting scrap prices inch down by INR 300/t in Alang

Ship-breaking melting scrap prices in Gujarat’s Alang market decreased by INR 300/t d-o-d on 17 Jul’24. According to BigMint’s assessment, HMS (80:20) prices stand at INR 35,700/t ex-yard. The region’s trading session yesterday was characterised by need-based transactions in semi-finished and finished steel. Moderate scrap trade activity further prompted suppliers to decrease their offers today.