Tag: India: Alang ship-breaking scrap prices soften amid weak buying interest

Total price drop INR 800/t over past few days Buyers remain cautious amid limited trading Alang ship-breaking melting scrap prices decreased by INR 500/t d-o-d to INR 38,000/t ($396/t) ex-yard for HMS (80:20) on 21 September. The decline reflects weaker market sentiment, limited trading activity and subdued procurement interest from buyers. Scrap prices in Alang…