Author: Shankar
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India: Melting scrap prices ease in Alang as weak steel market sentiment weighs
Melting scrap down INR 500/t; re-rolling grades ease by ~INR 300/t Scrap ship shortages keep supply tight despite softer steel market India’s ship-breaking melting scrap prices in Gujarat’s Alang market declined by INR 500/t d-o-d on 17 June 2026, with BigMint’s assessment for HMS (80:20) at INR 34,800/t ($368/t) ex-yard. Re-rollable scrap prices also softened…