India: Melting scrap prices remain stable for third consecutive day in Alang

Ship-breaking melting scrap prices in Alang, Gujarat, held steady for the third consecutive day on 12 Apr 24. According to BigMint’s assessment, HMS (80:20) prices remained at INR 34,700/ t ($416/t) ex-yard. Semi-finished steel prices remained almost steady in yesterday’s trading session in the region, and moderate trade activities in scrap prompted suppliers to keep prices stable.

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