India: Melting scrap prices rise by INR 500/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market increased by INR 500/t d-o-d on 25 Sep'24. HMS (80:20) prices were assessed at INR 34,700/t ($415/t) exy. In yesterday's trading session, trade activity and prices of semi-finished and finished steels saw an upward trend in the region. Furthermore, increase in buying inquiries for scrap has prompted suppliers to raise their offers today.