India: Melting scrap prices increase by INR 300/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market rose INR 300/t d-o-d on 19 Sep'24, as per BigMint's assessment. HMS (80:20) prices were assessed at INR 33,100/t ($396/t) exy. Active demand for semi-finished and finished steel was observed in the region during yesterday's trading session. Additionally, decent buying inquiries for scrap from Bhavnagar-based mills led suppliers to raise their offers today.