Tag: steel scrap price drop India
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India: Melting scrap prices rise by INR 300/t d-o-d in Alang
Ship-breaking scrap prices in Alang, Gujarat increased by INR 300/t d-o-d on 22 Apr’25, according to BigMint’s latest assessment. HMS (80:20) stood at INR 34,500/t ($405/t) exy. The imposition of safeguard duties on imports has positively impacted the steel industry, which is one of the key reasons why scrap sellers raised their offers today.