India: Melting scrap prices fall 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 12 Nov'24. According to BigMint's assessment, HMS (80:20) prices stood at INR 35,300/t ($418/t) ex-yard. Need-based buying was observed in semi-finished and finished steel in the region during yesterday's trading session. Additionally, average trade activity in scrap prompted suppliers to reduce their offers today.