Tag: steel market India

Weaker finished steel prices weigh on scrap demand HMS 80:20 prices in Mandi fall by INR 400/t d-o-d Ship-breaking melting scrap (HMS 80:20) prices in Alang, Gujarat, remained unchanged d-o-d at INR 32,500/t ($341/t) ex-yard, as buying interest stayed subdued. India’s secondary steel market remained under pressure, with weaker finished steel prices and strained mill…