India: Melting scrap prices remain unchanged d-o-d in Alang
India's ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 20 Dec'24. According to BigMint's assessment, HMS (80:20) stood at INR 34,500/t ($405/t) ex-yard. Semi-finished and finished steel prices remained stable in the region in yesterday's trading session. Furthermore, moderate purchasing interest for scrap was seen from Bhavnagar-based IF steel mills. These factors prompted suppliers to maintain steady prices today.