Tag: India: Melting scrap prices remain stable in Alang

Ship-breaking melting scrap prices in Alang, Gujarat, remained steady on 3 Mar’24. As per BigMint’s evaluation, HMS (80:20) prices stood at INR 34,500/t ex-yard. Although semi-finished steel prices saw a marginal uptick, trading activity appeared moderate in yesterday’s session in the region. Given the average trade activities in scrap, suppliers opted to maintain stable prices.