India: Melting scrap prices inch down by INR 100/t d-o-d in Alang
Ship-breaking melting scrap prices inched down by INR 100/t d-o-d in Gujarat's Alang market on 29 December'2023. SteelMint assessed opening prices of HMS (80:20) at INR 34,800/t ex-yard. Limited trade in semi-finished and finished steel in the yesterday's trading session, coupled with moderate buying inquiries for scrap prompted suppliers to reduce offers today.