India: Melting scrap prices rise by INR 300/t d-o-d in Alang

Ship-breaking scrap prices in Alang, Gujarat increased by INR 300/t d-o-d on 24 Feb’25, according to BigMint’s latest assessment. HMS (80:20) stood at INR 33,000/t ($381/t) exy. This rise follows an increase of around INR 100/t d-o-d in finished steel prices in the region in the last trading session. Active buying interest further led sellers to raise their offers, which contributed to the price jump.