Tag: India: Ship-breaking scrap prices in Alang drop by INR 500/t d-o-d amid weak demand

Billet prices decreased by INR 700/t d-o-d in Bhavnagar Muted steel demand, thin trading activity continue to weigh on prices Alang ship-breaking melting scrap prices corrected by INR 500/t d-o-d to INR 37,500/t ex-yard for HMS (80:20) on 22 September 2026. The market remained subdued as steelmakers and recyclers showed limited buying interest. With trading…