India: Melting scrap prices remain stable d-o-d in Alang
India's ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 20 Nov'24. According to BigMint's assessment, HMS (80:20) prices were at INR 34,500/t ($409/t) ex-yard. The region witnessed moderate trade activity in semi-finished and finished steel during the previous trading session. Additionally, steady scrap purchases by Bhavnagar-based mills encouraged suppliers to maintain their current offers.