India: Melting scrap prices inch up by INR 200/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market increased by INR 200/t d-o-d on 25 Oct'24, as per BigMint's assessment. HMS (80:20) offers stood at INR 33,200/t ($395/t) exy. Moderate demand for semi-finished and finished steel was observed in the region during yesterday's trading session. This, along with decent buying inquiries for scrap from Bhavnagar-based mills, prompted suppliers to raise their offers today.