Tag: Alang

Mills remain cautious amid weak demand Geopolitical uncertainty clouds vessel inflows Ship-breaking melting scrap prices in Alang, Gujarat, remained stable on 11 July, with HMS (80:20) assessed at INR 34,000/t ($356/t) ex-yard. Prices continued to draw support from restricted availability of processed scrap, as persistent monsoon rainfall slowed ship-cutting operations across recycling yards. Market participants…