Tag: Rebar Prices
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Alang ship-breaking scrap prices fall on weak steel demand, inactive trading
Weak semi-finished and finished steel demand curbs scrap buying Mandi market softens as mills cut offers; ONGC announces offshore rig auction Ship-breaking melting scrap prices in Alang declined on 3 July, with HMS (80:20) assessed at INR 33,800/t ex-yard, down INR 400/t day on day. Market activity remained largely inactive as weak demand for semi-finished…