*Higher crude steel production: Sponge iron production increased due to the significant surge of around 11% in domestic crude steel production to nearly 138 mnt in CY’23. Notably, production from the IF-EAF route increased by 13% to 77.06 mnt in CY’23 from 67.68 mnt in CY’22. The IF-based steel producers, as well as EAF players, are …
Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 18 Jan 23. As per SteelMint’s assessment, HMS (80:20) prices stood at INR 34,000/t exy. Buying inquiries for semi-finished and finished steel remained moderate in yesterday’s trading session in the region, which prompted scrap suppliers to keep offers stable today Subscribe our newsletter..
Ship-breaking melting scrap prices in Gujarat’s Alang market fell by INR 200/t d-o-d on 17 Jan 24, as per SteelMint’s assessment. HMS (80:20) prices were assessed at INR 34,000/t exy. The demand of semi-finished and finished steel was low in yesterday’s session which coupled with limited trading activity in scrap prompted suppliers to reduce …
India: Melting scrap prices drop by INR 200/t d-o-d in Alang Read More »
India’s domestic armature scrap prices and secondary rod were assessed at INR 670,000/t and INR 710,000/t ex-Delhi (down by up to 1.5%). Reports from the region suggested that severe winter conditions are causing disruptions in daily activities, affecting the normal flow of operations, prompting buyers to wait for further price drop.
Ship – breaking melting scrap prices in Alang. Gujarat, remained stable on d-o-d on 12 Jan’24. As per assessment, HMS (80:20) prices stood at INR 34,200/t exy. Buying inquiries for semi-finished and finished steel remained moderate in yesterday’s trading session in the region, which promoted scrap suppliers to keep offers stable today.
