Intel Details

India: Melting scrap prices inch up INR 100/t in Alang

Ship Breaking
13 Dec 2021, 10:51 IST
Steel Mint Intel

Heavy melting scrap (HMS 80:20) suppliers in Gujarat's Alang market increased prices marginally by INR 100/t to INR 36,600/t exw today. Suppliers increased prices owing to improvement in market sentiments as well as due to shortage of material in the market amidst moderate enquiries from buyers for semis and finished steel. These factors may keep scrap prices supported in the short term.

13 Dec 2021, 10:51 IST
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