Intel Details

India: Alang shipbreaking scrap prices up INR 400/t

Ship Breaking
1 Sep 2021, 11:08 IST
Steel Mint Intel

Alang's shipbreaking scrap prices strengthened by INR 400/t, d-o-d, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 36,700/t. Attachment scrap prices stand at INR 37,700/t. However, most of the buyers were not showing much interest at higher scrap offers as semi-finished steel prices are not rising parallelly with shipbreaking scrap prices. The conversion spread stands at INR 6,800-7,100/t from Alang melting scrap to Bhavnagar steel ingot, trader sources reported.

1 Sep 2021, 11:08 IST
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