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 7 Jan'25. According to BigMint's assessment, HMS (80:20) stood at INR 34,000/t ($397/t) ex-yard. Prices of semi-finished and finished steel were largely steady in yesterday's trading session in the region. This, along with moderate trade activities for scrap, prompted suppliers to keep their offers firm today.