Tag: India: Alang ship-breaking scrap prices hold steady despite softer steel market

Tight scrap availability supports Alang prices Bhavnagar billet prices decline by INR 600/t Ship-breaking melting scrap prices in Alang, Gujarat, remained unchanged d-o-d on 30 July, with HMS (80:20) assessed at INR 33,800/t ($353/t) ex-yard. Despite weaker steel prices across Gujarat and north India’s secondary steel markets, constrained scrap availability from Alang ship-breaking yards continued…