India: Alang ship-breaking scrap prices remained stable d-o-d

• Billet and rebar prices strengthened across key markets
• Mills continued need-based procurement amid higher input costs

Ship-breaking melting scrap (HMS 80:20) prices in Alang, Gujarat, remained stable day on day at INR 34,500/t ($361/t) ex-yard on 20 August. Market sentiment remained firm as low inventories and limited availability of readily deliverable material continued to constrain supply.

Improved finished-steel demand has encouraged mills to replenish raw materials, supporting procurement despite higher replacement costs and buying remains largely requirement-driven.

Gujarat market update

The broader Gujarat steel market also showed firmer momentum. Bhavnagar billet prices rose by INR 500/t day on day to INR 42,700/t DAP, while Ahmedabad rebar prices increased by INR 400/t to INR 47,300/t ex-works on 19 August.

The gains indicate an improvement in downstream demand compared with earlier weeks, although monsoon-related disruptions continue to constrain construction activity in some areas. Mills are balancing higher input costs with downstream buying, keeping procurement focused on immediate production requirements.

Mandi market update

In Mandi Gobindgarh, HMS 80:20 prices increased by INR 400/t d-o-d to INR 36,300/t DAP. Billet prices rose by INR 300/t to INR 43,200/t, while rebar prices increased by INR 300/t to INR 47,900/t. Traders reported improved enquiries and firmer price realisation across billets and long products. Healthy procurement of scrap and sponge iron continued to support mill input costs, while selective buying from downstream buyers enabled mills to clear offers at higher levels.

Outlook

The near-term outlook for Gujarat scrap remains firm, supported by constrained inventories and steady mill procurement. However, sustained price gains will depend on downstream steel demand and the pace of construction activity as monsoon-related constraints ease.

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