India: Melting scrap prices remain stable d-o-d in Alang

Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 7 Jul’25. According to BigMint’s assessment, HMS (80:20) prices were at INR 31,500/t ($367/t) ex-yard. Average trade activity was observed for semi-finished and finished steel during the previous trading session in the region. Additionally, moderate buying inquiries for scrap by Bhavnagar-based IF steel mills prompted suppliers to keep their offers stable today.