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 1 Jul’25, as per BigMint’s assessment. HMS (80:20) prices were assessed at INR 31,500/t ($368/t) exy. Trade activities in semi-finished and finished steel improved in the late hours of yesterday’s trading session in the region. Additionally, decent buying inquiries for scrap prompted suppliers to increase their offers today.