India: Melting scrap prices in Alang remain stable for 3rd consecutive day

Ship-breaking melting scrap prices in Alang, Gujarat, remained stable for the third consecutive day on 8 Jul’25. According to BigMint’s assessment, HMS (80:20) prices were at INR 31,500/t ($367/t) ex-yard. Yesterday, prices of semi-finished and finished steel remained largely stable in the region, amid moderate trading activity. This, along with average procurement of scrap, prompted suppliers to keep their offers stable today.