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 16 Oct'24. According to BigMint's assessment, HMS (80:20) prices were at INR 34,500/t ($410/t) ex-yard. A moderate number of transactions were observed in semi-finished and finished steel in the region during yesterday's trading session. Additionally, decent buying of scrap by Bhavnagar-based mills prompted suppliers to maintain stable prices today.