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 edged up by INR 200/t d-o-d on 19 Nov'24, as per BigMint's assessment. HMS (80:20) prices stood at INR 34,500/t ($409/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.