India: Melting scrap prices remain unchanged d-o-d in Alang

Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 7 May’25. According to BigMint’s assessment, HMS (80:20) prices were at INR 33,900/t ($400/t) ex-yard. Though semi-finished steel prices decreased in yesterday’s trading session in the region, moderate buying inquiries for scrap by the Bhavnagar-based IF steel mills prompted suppliers to keep their offers steady today.