Ship-breaking melting scrap prices in Gujarat’s Alang fell by INR 300/t d-o-d on 12 Feb’26, according to BigMint’s assessment. HMS (80:20) prices stood at INR 33,200/t ($366/t) exy. Trade activity for both semi-finished and finished steel remained sluggish in yesterday’s session, accompanied by a price drop of INR 100-700/t. Only moderate scrap demand from local buyers prompted suppliers to reduce their offers today.
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