India: Melting scrap prices increase by INR 100/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat’s Alang increased by INR 100/t d-o-d on 20 Dec, as per BigMint’s assessment. HMS (80:20) prices were assessed at INR 31,000/t ($346/t) exy. Semi-finished and finished steel prices increased by INR 200-500/t in the region during yesterday’s trading session. Moreover, improved scrap buying inquiries led suppliers to revise their offers upward today. Meanwhile, Alang scrap prices remained flat w-o-w.
