India: Melting scrap prices remain stable d-o-d in Alang
Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 27 Dec'23. As per SteelMint's assessment, HMS (80:20) prices stood at INR 34,900/t exy. Moderate buying inquiries were observed in the northern region in the latter part of yesterday's trading session for semi-finished and finished steel, encouraging scrap suppliers to maintain stable offers today.