Tag: India: Melting scrap prices remain stable from two consecutive days in Alang

Ship-breaking scrap prices in Alang, Gujarat, were stable d-o-d for the second consecutive day. BigMint assessed HMS (80:20) prices at INR 32,200/t ($372/t) ex-yard. With finished steel prices remaining steady and moderate trade activity seen in the previous session, scrap suppliers kept their offers firm today.