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

Ship-breaking melting scrap prices in Gujarat’s Alang market decreased by INR 100/t d-o-d on 7 Jun’25. According to BigMint’s assessment, HMS (80:20) prices stood at INR 32,800/t ($382/t) ex-yard. Trade activities for semi-finished and finished steel slowed down during yesterday’s trading session in the region. This, along with average trade activities for scrap, prompted suppliers to adjust their offers downward today.