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

Ship-breaking melting scrap prices in Alang, Gujarat, remained stable for the third consecutive day on 23 Jul’24. According to BigMint’s assessment, HMS (80:20) prices were at INR 35,200/t ($421/t) ex-yard. Though semi-finished steel prices decreased in yesterday’s trading session in the region, moderate buying inquiries for scrap by the Bhavnagar-based IF steel mills prompted suppliers…