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 Nov'24. According to BigMint's assessment, HMS (80:20) prices were at INR 34,300/t ($406/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 Bhavnagar-based IF steel mills prompted suppliers to keep their offers stable today.