Ship-breaking melting scrap prices in Gujarat’s Alang market dropped by INR 200/t d-o-d on 28 Jan’26. According to BigMint’s assessment, HMS (80:20) prices stand at INR 33,000/t ($360/t) ex-yard. Trade activity for both semi-finished and finished steel remained sluggish in yesterday’s session, accompanied by a price drop of INR 500-600/t. Additionally, only moderate scrap demand from local buyers prompted suppliers to reduce their offers today.
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