Tag: India:Melting scrap prices drops by INR 500/t on the second consecutive day in Alang

Ship-breaking melting scrap prices in Gujarat’s Alang market dropped by INR 500/t d-o-d on 11 Oct’24. According to BigMint’s assessment, HMS (80:20) stood at INR 34,000/t ($405/t) exy. During yesterday’s trading session, prices of semi-finished and finished steel dropped by approximately INR 300/t to 400/t in the region, driven by weak demand. Subdued scrap trade…