Intel Details

India: Melting scrap prices increase by INR 400/t in Alang

Ship Breaking
3 Aug 2022, 11:23 IST
Steel Mint Intel

Ship-breaking melting scrap prices in Gujarat's Alang market increased by INR 400/t d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 44,200/t ex-yard. The hike in semi-finished steel prices on yesterday's trading session and moderate buying interest for scrap by Bhavnagar-based IF mills prompted suppliers to raise their offers.

3 Aug 2022, 11:23 IST
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