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 15 Jan'25. According to BigMint's assessment, HMS (80:20) prices were at INR 33,000/t ($381/t) ex-yard. Due to the Makar Sankranti festival, the market was closed yesterday. This, along with moderate scrap trading activity seen earlier, prompted suppliers to keep offers stable today.