India: Melting scrap prices hold firm d-o-d in Alang
Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 18 Nov'24. According to BigMint's assessment, HMS (80:20) was at INR 34,300/t ($406/t) ex-yard. Prices of semi-finished and finished steel held steady in yesterday's trading session in the region. This, along with moderate trade activities for scrap, prompted suppliers to keep their offers unchanged today.