India: Melting scrap prices rise by INR 200/t d-o-d in Alang

Ship-breaking melting scrap prices in Gujarat’s Alang market rose by INR 200/t d-o-d on 16 May’25, as per BigMint’s assessment. HMS (80:20) stood at INR 33,700/t ($393/t) exy. Currently, a lower number of ships – around 20-25 – are beached for dismantling, which has impacted overall scrap generation. This supply-side tightening, combined with an uptick in inquiries, prompted suppliers to raise their offers in today’s session.