India: Melting scrap prices rise by INR 700/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat’s Alang market rose by INR 700/t d-o-d on 1 Apr’26, with HMS (80:20) at INR 37,000/t ($395/t) exy. Regional market sentiment strengthened following a notable rise of over INR 2,000/t in steel prices over the past few days. Additionally, a slight shortage of scrap emerged due to gas supply issues. These factors encouraged suppliers to raise their offers today.
