India: Melting scrap prices drop by INR 100/t d-o-d in Alang

Prices of ship-breaking melting scrap in Gujarat’s Alang market decreased by INR 100/t d-o-d on 19 Jun’25, according to BigMint. HMS (80:20) was assessed at INR 32,400/t ($374/t) ex-yard. Weak demand for semi-finished and finished steel during yesterday’s trading session led to subdued scrap procurement, compelling suppliers to reduce their prices today.