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 4 Jan'24. According to BigMint's assessment, HMS (80:20) prices were at INR 34,300/t ($400/t) ex-yard. In the previous trading session, the region saw average trade activity for both semi-finished and finished steel. Coupled with moderate buying interest for scrap from Bhavnagar-based IF steel mills, suppliers opted to maintain steady prices today.