India: Melting scrap prices remain unchanged d-o-d in Alang, Gujarat
Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 2 Jan'25. According to BigMint's assessment, HMS (80:20) prices were at INR 34,300/t ($400/t) ex-yard. Trade activity for semi-finished and finished steel remained at an average level during yesterday's trading session in the region. Concurrently, moderate trading volumes in scrap have led suppliers to maintain stable offers today.