Tag: India: Melting scrap prices remain stable for the third straight day in Alang

Ship-breaking scrap prices in Alang, Gujarat, remained steady for the third consecutive day on 8 Feb’25. According to BigMint, HMS (80:20) was priced at INR 33,000/t ($376/t) ex-yard. Yesterday, the region experienced sluggish trading in semi-finished steel, leading to a price drop of INR 100/t, whereas finished steel prices remained unchanged. Nevertheless, sustained demand for…