Tag: India: Alang scrap prices rise by INR 300/t amid festive-season supply squeeze

Weak steel demand weighs on Gujarat, Mandi rebar prices Scrap prices firm up on minor supply constraints Alang’s ship-breaking melting scrap prices (HMS 80:20) increased by INR 300/tonne (t) d-o-d to INR 37,800/t ($399/t) ex-yard on 19 October 2026.Prices edged higher in Alang, driven by a modest supply squeeze and festive-season sentiment, which encouraged suppliers…