India: Melting scrap prices remain stable d-o-d in Alang
Ship-breaking melting scrap prices in Alang, Gujarat, held firm d-o-d on 22 Jan'25. According to BigMint's assessment, HMS (80:20) stood at INR 33,200/t ($384/t) ex-yard. Prices of semi-finished and finished steel remained stable during yesterday's trading session in the region. This, along with moderate trade activities for scrap, prompted suppliers to keep their offers steady today.