Tag: India: Alang melting scrap prices remain steady amid subdued steel demand

Buyers purchase on need basis amid ample supply Billet, rebar prices in Bhavnagar fall by INR 400-600/t Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 7 July 2026, with HMS (80:20) assessed at INR 33,000/t ($347/t) ex-yard. Market activity remained muted, as buyers adopted a need-based procurement approach due to comfortable material…