Intel Details

India: Shipbreaking scrap prices at Alang fall by INR 400-500/t

Ship Breaking
23 Aug 2021, 11:07 IST
Steel Mint Intel

Alang's shipbreaking scrap prices have witnessed a third consecutive correction of INR 400-500/t, as per SteelMint assessment. HMS (80:20) prices are assessed at INR 34,700-34,800/t, while attachment scrap prices stand at INR 35,700-35,800/t. Declining semi-finished steel prices across markets resulted in an adjustment in scrap prices on 23 Aug'21. A few traders anticipate a minor improvement in prices in the short-term.

23 Aug 2021, 11:07 IST
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