Ship-breaking melting scrap prices in Gujarat’s Alang market surged by INR 1,000/t d-o-d on 6 Apr’26, with HMS (80:20) assessed at INR 38,300/t ($412/t) exy. Market sentiment strengthened following a notable w-o-w rise of INR 2,000-3,000/t in regional steel prices. Additionally, active buying inquiries for scrap prompted suppliers to raise their offers today.
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