India: Melting scrap prices fall by INR 300/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market decreased by INR 300/t d-o-d on 23 Oct'24. According to BigMint's assessment, HMS (80:20) prices stood at INR 33,300/t ($396/t) ex-yard. Limited demand for semi-finished and finished steel was observed in the region during yesterday's trading session. Additionally, average trade activity in scrap prompted suppliers to reduce their offers today.