- Billet, rebar prices rise by INR 200/t d-o-d in Gujarat
- Scrap prices remain stable d-o-d in Mandi Gobindgarh
Ship-breaking melting scrap (HMS 80:20) prices in Alang, Gujarat, increased by INR 500/t ($5/t) d-o-d to INR 33,000/t ($346/t) ex-yard on 12 August 2026, supported by firmer prices in the regional steel market, which improved mill realisations. However, scrap procurement remained largely requirement-driven.
Gujarat market update
Bhavnagar billet prices increased by INR 200/t to INR 41,200/t DAP, while Ahmedabad rebar prices rose by INR 200/t d-o-d to INR 46,100/t ex-works. The gains in semi-finished and finished steel prices supported scrap values by improving the scope for mills to absorb higher raw material costs.
Mandi market update
In Mandi Gobindgarh, HMS 80:20 scrap prices remained stable d-o-d at INR 35,200/t DAP, with no significant movement across major grades. Tight availability and regular, need-based procurement from local steel mills continued to underpin the market.
Mandi billet prices edged up by INR 150/t to INR 42,150/t, while rebar prices increased by INR 200/t to INR 46,900/t. The rise in finished steel prices provided some support to margins, but did not lead to a significant change in scrap buying activity.
Outlook
Alang’s scrap prices are expected to remain supported in the near term if regional billet and rebar prices sustain their recent gains. However, further upside could remain limited by cautious mill procurement and the absence of a clear improvement in downstream demand. Market direction will largely depend on finished steel realisations, mill margins and scrap availability.
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