Tag: India: Alang ship-breaking scrap prices stable as balanced supply-demand offsets firmer steel market

Scrap supply remains adequate, limiting price rise Mandi scrap, billet prices strengthen on improved trading Ship-breaking melting scrap prices in Alang, Gujarat, remained stable d-o-d on 25 July 2026, with HMS (80:20) assessed at INR 33,500/t ($347/t) ex-yard. The market remained supported by balanced supply-demand fundamentals, with requirement-based buying by secondary steelmakers amid adequate availability…