Tag: India: Alang melting scrap prices hold steady amid tight availability

Need-based buying limits price gains despite firmer steel values Janmashtami brings steel trade across Gujarat to near standstill Ship-breaking melting scrap (HMS 80:20) prices in Alang, Gujarat, remained unchanged d-o-d at INR 36,500/t ($386/t) ex-yard on 3 September 2026. Market participants indicated that prices have remained range-bound despite firmer steel values in key consuming markets,…