India: Melting scrap prices fall by INR 200/t d-o-d in Alang
Ship-breaking melting scrap prices inched down further by INR 200/t d-o-d in Gujarat's Alang market on 16 Dec'23. SteelMint assessed opening prices of HMS (80:20) at INR 35,500/t ex-yard. The slight drop in scrap prices was due to subdued demand and a fall in semi-finished steel prices in yesterday's trading session in the region.