India: Melting scrap prices increase by INR 500/t d-o-d in Alang
India's ship-breaking melting scrap prices in Gujarat's Alang market rose INR 500/t d-o-d on 16 Dec'24, as per BigMint's assessment. HMS (80:20) stood at INR 34,500/t ($407/t) exy. Moderate demand for semi-finished and finished steel was observed in the region during yesterday's trading session. This, along with decent inquiries for scrap from Bhavnagar-based mills, prompted suppliers to raise their offers today.