India: Melting scrap prices in Alang remain unchanged
Ship-breaking melting scrap prices in Alang, Gujarat, remained unchanged d-o-d on 2 Dec. According to BigMint's assessment, HMS (80:20) prices were at INR 31,300/t ($348/t) ex-yard. Although semi-finished and finished steel prices increased in Monday's session in the region, moderate buying inquiries for scrap by the Bhavnagar-based IF steel mills prompted suppliers to keep offers stable on Tuesday.