India: Melting scrap prices increase by INR 600/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market increased by INR 600/t d-o-d on Saturday. HMS (80:20) prices were assessed at INR 33,700/t ($404/t) exy. Active demand for semi-finished and finished steel was observed in the region during the second half of yesterday's trading session. Additionally, decent buying inquiries for scrap from Bhavnagar-based mills, prompted suppliers to increase their offers.