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

Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 2 Jul’25. According to BigMint’s assessment, HMS (80:20) prices were at INR 31,500/t ($368/t) ex-yard. According to sources, there is a slight shortage of ship-breaking scrap in the market, as approximately 25-30 ships are currently being beached for dismantling. Additionally, moderate buying inquiries for scrap prompted suppliers to keep offers stable today.