India: Melting scrap prices remain firm d-o-d in Alang
Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 21 Jan'25. According to BigMint's assessment, HMS (80:20) prices were at INR 33,200/t ($384/t) ex-yard. Average trade activity was observed for semi-finished and finished steel during yesterday's trading session in the region. Additionally, moderate buying inquiries for scrap by the Bhavnagar-based IF steel mills prompted suppliers to keep their offers stable today.