Category: Ship Breaking

Gujarat scrap buyers hold 10-15 days of inventory Mills continue need-based scrap procurement Alang’s ship-breaking melting scrap prices (HMS 80:20) declined by INR 500/tonne (t) day-on-day (d-o-d) to INR 37,500/t ($388/t) ex-yard on 10 October 2026. The correction reflects continued weakness in downstream steel markets, which has weighed on buyers’ procurement appetite. Market participants remained…