Tag: Flooding in Alang
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India: Alang’s ship-breaking scrap prices decline d-o-d amid subdued buying
Flooding disrupts cutting operations, restricts scrap processing Weak mill demand, softer steel prices keep prices under pressure Ship-breaking melting scrap prices in Alang, Gujarat, declined by INR 500/t ($5/t) d-o-d on 1 August, with HMS (80:20) assessed at INR 32,800/t ($344/t) ex-yard. Market activity remained subdued as flooding and persistent rainfall significantly slowed cutting operations…