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

Ship-breaking melting scrap prices in Alang, Gujarat, remained stable for the third consecutive day on 8 May’25. According to BigMint’s assessment, HMS (80:20) prices were at INR 33,900/t ($400/t) ex-yard. The region experienced moderate trading activity for semi-finished and finished steel during yesterday’s session. Steady buying inquiries, combined with a shortage of stocks, resulted in scrap suppliers holding their prices firm today.