Intel Details

India: Alang shipbreaking scrap prices fall by INR 700/t

Ship Breaking
8 Oct 2021, 10:26 IST
Steel Mint Intel

Shipbreaking melting scrap prices in Gujarat's Alang market have decreased following a correction in prices of semis. Heavy Melting Scrap (80:20) prices are assessed at INR 37,400-37,500/t, while attachment scrap prices stand at INR 38,400-38,500/t. Weak sentiments have dragged down buying interest for melting scrap and semi-finished steel and prices have drifted down in view of maintaining conversion spread accordingly, SteelMint notes.

8 Oct 2021, 10:26 IST
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