Ship-breaking melting scrap prices in Gujarat’s Alang market inched up by INR 100/t d-o-d on 2 Feb’26, as per BigMint’s assessment. HMS (80:20) prices were assessed at INR 32,800/t ($358/t) exy. The region witnessed moderate demand for both semi-finished and finished steel in the previous trading session. This, along with improved buying inquiries for scrap from Bhavnagar-based mills, prompted suppliers to raise their offers today.
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