Tag: India: Melting scrap prices fall by INR 200/t d-o-d in Alang

Prices of ship-breaking melting scrap in Gujarat’s Alang market decreased by INR 100/t on 19 Apr’25, according to BigMint. HMS (80:20) was assessed at INR 34,500/t ($404/t) ex-yard. Weak demand for semi-finished and finished steel during yesterday’s trading session led to subdued scrap procurement, compelling suppliers to reduce their prices today.