Tag: Steel prices India

Billet and rebar prices fall in Gujarat and Punjab Buyers prioritise immediate needs over inventory building Alang’s ship-breaking melting scrap prices (HMS 80:20) declined by INR 200/tonne (t) d-o-d to INR 37,300/t ($390/t) ex-yard on 12 October 2026. Continued weakness in downstream steel markets has dampened buying interest, keeping procurement activity subdued. Buyers remain cautious…