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 18 Dec'24. According to BigMint's assessment, HMS (80:20) prices were at INR 34,500/t ($406/t) ex-yard. Yesterday, average trade activity was observed for semi-finished and finished steel in the region. Additionally, moderate buying interest for scrap was seen from Bhavnagar-based IF steel mills, which led suppliers to keep their prices steady today.