Tag: India: Melting scrap prices remain stable for 3rd straight day in Alang shipbreaking

As of 9 Sep’24, Alang’s ship-breaking melting scrap prices remained unchanged for the third consecutive day, with HMS (80:20) prices stable at INR 34,000/t ($405/t) ex-yard, according to BigMint. Despite semi-finished steel prices softening yesterday, steady buying interest from Bhavnagar IF steel mills led suppliers to maintain current price levels.