Tag: Rajasthan steel
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India: Alang ship-breaking scrap gains on interstate demand
Lower Alang prices attract buyers from Rajasthan and Punjab Weak billet and rebar demand continues to cap broader scrap sentiment Ship-breaking melting scrap prices in Alang, Gujarat, increased on 8 July, with HMS (80:20) assessed at INR 33,300/t ($350/t) ex-yard. The uptick was driven by heavy rainfall and stronger buying interest from Rajasthan and Punjab,…