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

The ship-breaking scrap market in Alang, Gujarat, remained steady on 18 Apr’25. BigMint assessed HMS (80:20) at INR 34,600/t ($405/t) ex-yard. During the previous trading session, scrap buying activity slowed down due to a decline of INR 100-200/t in semi-finished and finished steel prices. As a result, scrap suppliers opted to keep their offers unchanged…