Intel Details

India: Alang shipbreaking melting scrap prices reach five-month high

Ship Breaking
11 Oct 2021, 11:04 IST
Steel Mint Intel

Shipbreaking melting scrap prices in Gujarat's Alang market have reached a five-month high following healthy buying in semi-finished steel during the late hours in the last trading session. Heavy Melting Scrap (80:20) prices are assessed at INR 39,200/t, while attachment scrap prices stand at INR 40,200/t. Trade participants expect existing price levels to hold for the near term.

11 Oct 2021, 11:04 IST
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