India: Melting scrap prices fall by INR 400/t d-o-d in Alang
India' ship-breaking melting scrap prices in Gujarat's Alang market decreased by INR 400/t d-o-d on 9 Dec'24. According to BigMint's assessment, HMS (80:20) stood at INR 34,200/t ($404/t) ex-yard. Semi-finished steel prices declined in the region following limited trade activity in the previous session. This, along with average trade activities in scrap, prompted suppliers to reduce their offers today.