India: Melting scrap prices drop by INR 300/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market dropped by INR 300/t d-o-d on 10 Jan'25. According to BigMint's assessment, HMS (80:20) stood at INR 33,200/t ($387/t) exy. During yesterday's trading session, prices of semi-finished and finished steel dropped by approximately INR 200-600/t in the region, driven by weak demand. Subdued scrap trade levels led suppliers to reduce their offers today.