- Limited buying pressure weighs on Alang scrap prices
- Stronger steel prices in Gujarat and Mandi offer some market support
Ship-breaking melting scrap (HMS 80:20) prices in Alang, Gujarat, decreased by INR 300/t d-o-d to INR 37,000/t ($390/t) ex-yard on 9 September 2026. The decline followed very limited buying activity, with buyers remaining cautious and reluctant to procure at prevailing price levels.
Gujarat market update
In Gujarat, Bhavnagar billet prices increased by INR 300/t d-o-d to INR 45,600/t, while Ahmedabad rebar prices rose by INR 300/t to INR 50,600/t ex-works. The rise in billet and rebar prices indicates firmer steel market sentiment, although this has yet to translate into stronger scrap buying.
Mandi market update
In Mandi Gobindgarh, HMS 80:20 scrap prices increased by INR 100/t d-o-d to INR 38,300/t, while billet prices rose by INR 100/t to INR 46,500/t. Rebar prices also increased by INR 200/t d-o-d to INR 51,600/t ex-works. The broad-based gains in semi-finished and finished steel prices point to improved market sentiment, despite cautious raw-material buying.
Outlook
Scrap prices are expected to remain under pressure in the near term as buyers are likely to resist higher raw-material prices amid weak purchasing interest. Mills are expected to continue with need-based procurement and may seek lower offers before committing to fresh purchases, increasing the possibility of further price corrections.
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