India: Melting scrap prices decrease by INR 500/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat’s Alang fell by INR 500/t d-o-d on 29 Jan’26, according to BigMint’s assessment. HMS (80:20) prices stood at INR 32,500/t ($353/t) exy. Trade activity for both semi-finished and finished steel remained sluggish in yesterdays session, accompanied by a price drop of INR 400-500/t. Only moderate scrap demand from local buyers prompted suppliers to reduce their offers today.
