India: Melting scrap prices inch up by INR 100/t in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market inched up by INR 100/t d-o-d on 23 Dec'23, as per SteelMint's assessment. HMS (80:20) prices were assessed at INR 35,100/t exy. The increase in scrap prices was backed by good demand from Bhavnagar-based IF steel mills. The semi-finished steel market also remained supportive with moderate trading.