India: Melting scrap prices remain unchanged d-o-d in Alang
Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 30 Oct'24. According to BigMint's assessment, HMS (80:20) prices were at INR 33,500/t ($398/t) ex-yard. Moderate demand for semi-finished and finished steel was observed in the region during yesterday's trading session. Besides, decent buying inquiries for scrap from Bhavnagar-based mills prompted suppliers to raise their offers today.