Intel Details

India: Alang's shipbreaking scrap prices down INR 400-500/t

Ship Breaking
18 Aug 2021, 11:44 IST
Steel Mint Intel

Alang's shipbreaking scrap prices opened marginally lower by around INR 400-500/t on 17 Aug'21 and melting scrap was assessed at INR 36,500-36,600/t, while attachment scrap prices stood at INR 37,500-37,600/t ex-yard. Sellers are seeking offers at levels similar to those that prevailed during yesterday's closing but buyers are resisting with their counter bids that are slightly lower by around INR 400-500/t. A few melting scrap HMS (80:20) transactions have been reported at INR 36,500-600/t ex-yard, excluding GST.

18 Aug 2021, 11:44 IST
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