India: Melting scrap prices increase by INR 500/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market increased by INR 500/t d-o-d on 24 Sep'24, as per BigMint's assessment. HMS (80:20) prices were assessed at INR 34,200/t ($409/t) exy. Semi-finished steel prices increased by INR 900-1,000/t in the region during yesterday's trading session. Additionally, active buying inquiries from Bhavnagar-based IF steel mills for scrap prompted suppliers to raise their offers today.