India: Melting scrap prices rise by INR 600/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market rose by INR 600/t d-o-d on 30 Dec, as per BigMint's assessment. HMS (80:20) prices were assessed at INR 32,700/t ($364/t) exy. The regional steel market witnessed active trading, supported by a rise of INR 1,100-1,400/t in semis and finished steel prices. Additionally, strong buying enquiries for scrap encouraged suppliers to raise their offers today.