Tag: melting scrap

Higher downstream steel prices provide support to recyclers Muted mill buying continues despite expectations of firmer domestic scrap prices Ship-breaking melting scrap prices in Alang, Gujarat, remained stable day-on-day on 21 July, with HMS (80:20) assessed at INR 34,000/t ($353/t) ex-yard. The market remained balanced as firmer downstream steel prices supported sentiment, while cautious procurement…