India: Melting scrap prices decrease by INR 200/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market decreased by INR 200/t d-o-d on 26 Dec'23, as per SteelMint's assessment. HMS (80:20) prices were assessed at INR 34,900/t exy. Lack of trades in semi-finished and finished steel materials in yesterday's trading session coupled with limited buying inquiries for scrap, forced suppliers to reduce their offers, today.