Tag: scrap price drop

Ship-breaking melting scrap prices in Gujarat’s Alang market decreased by INR 100/t d-o-d on 29 Sep’25. According to BigMint’s assessment, HMS (80:20) stood at INR 30,700/t ($346/t) ex-yard. Need-based trading activity was observed for semi-finished and finished steel in the region during the previous trading session. Additionally, average demand for scrap by Bhavnagar-based IF mills…