Tag: Ship Breaking Scrap
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India: Alang’s ship-breaking scrap prices decline on weak demand
Slow billet, finished steel sales discourage scrap inventory building Scrap supply remains tight but fails to lift prices Ship-breaking melting scrap prices in Alang declined by INR 300/tonne (t) d-o-d to INR 33,000/t ex-yard on 6 July as weak downstream steel demand continued to pressure the market. Mills restricted purchases to immediate production requirements amid…