India: Melting scrap prices remain stable for 2nd consecutive day in Alang
Ship-breaking melting scrap prices in Alang, Gujarat, remained stable for the second consecutive day on 28 Sep'24. According to BigMint's assessment, HMS (80:20) prices were at INR 35,200/t ($420/t) ex-yard. Though semi-finished steel prices fell in yesterday's trading session in the region, moderate buying inquiries for scrap by Bhavnagar-based IF steel mills prompted suppliers to keep their offers stable today.