India: Melting scrap prices inch up by INR 200/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat’s Alang market inched up by INR 200/t d-o-d on 18 Feb’26, as per BigMint’s assessment. HMS (80:20) prices were assessed at INR 33,500/t ($369/t) exy. The region witnessed moderate demand for both semi-finished and finished steel in the previous trading session. This, along with decent buying inquiries for scrap from Bhavnagar-based mills, prompted suppliers to raise their offers today.
