India: Melting scrap prices inch down by INR 200/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market decreased by INR 200/t d-o-d on 30 Sep'24. According to BigMint's assessment, HMS (80:20) prices stood at INR 35,000/t ($418/t) ex-yard. Need-based buying was observed in semi-finished and finished steel during the previous trading session. Additionally, moderate trade activity in scrap prompted suppliers to reduce their offers today.