Tag: Melting scrap prices shows upward trend from five straight days in Alang

Ship-breaking melting scrap prices rose by INR 500/t Gujarat’s Alang, marking the fifth consecutive day of upward movement per BigMint. HMS (80:20) prices were assessed at INR 39,500/t ($476/t) ex-yard. The region saw a significant increase in demand for semi-finished and finished steel during the recent trading session. Suppliers responded to purchasing interest from Bhavnagar-based…