Tag: Alang Ship Breaking

Declining finished steel prices continue to pressure ship-breaking scrap demand Scrap shortage supports Mandi Gobindgarh market despite cautious buying Ship-breaking melting scrap prices in Alang, Gujarat, declined by INR 300/t ($3/t) day-on-day on 3 August, with HMS (80:20) assessed at INR 32,500/t ($342/t) ex-yard. The decline reflects weaker buying interest amid subdued downstream steel demand…