{"id":70211,"date":"2026-07-01T15:39:54","date_gmt":"2026-07-01T09:39:54","guid":{"rendered":"https:\/\/biztrend24.com\/?p=70211"},"modified":"2026-07-01T15:39:54","modified_gmt":"2026-07-01T09:39:54","slug":"india-alang-melting-scrap-prices-stable-following-improved-trading-amid-news-of-punjab-power-cuts","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=70211&lang=en","title":{"rendered":"India: Alang melting scrap prices stable following improved trading amid news of Punjab power cuts"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Scrap buyers remain cautious amid subdued steel trade<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Semis, finished steel prices decline despite supply concerns<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Ship-breaking melting scrap prices in Alang remained stable d-o-d on 1 July 2026, with HMS (80:20) assessed at INR 34,200\/t ex-yard, as market participants maintained a cautious approach amid limited buying activity and sufficient availability. While billet prices softened across western and northern India, reports of possible power restrictions in Punjab improved buying sentiment in the secondary steel market, although actual procurement remained largely need-based.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-765125\" src=\"https:\/\/i0.wp.com\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/07\/Heat-sheet-1-July.png?resize=640%2C128&#038;ssl=1\" alt=\"\" width=\"640\" height=\"128\" \/><\/p>\n<p>In Gujarat, western India, Bhavnagar billet prices declined by INR 100\/t d-o-d to INR 41,500\/t DAP, while rebar prices held steady at INR 46,100\/t ex-works. Market sentiment strengthened in Mandi Gobindgarh after reports that the Punjab State Power Corporation Ltd. (PSPCL) had informed steel mills that power cuts could be implemented once or twice a week. Participants believe any reduction in electricity supply could temporarily restrict steel production, potentially tightening billet availability.<\/p>\n<p>Despite the improved sentiment, physical demand remained measured. Billet prices in Mandi declined by INR 100\/t d-o-d to INR 43,100\/t DAP, while rebar prices eased by INR 200\/t to INR 47,800\/t ex-works. HMS melting scrap prices remained unchanged at INR 35,400\/t DAP as mills continued to purchase raw materials primarily to meet immediate production requirements.<\/p>\n<p>Market participants said trading activity improved following reports of possible power restrictions, but buying of both semi-finished and finished steel remained moderate. Buyers largely adopted a wait-and-watch approach after the recent sharp rise in prices, preferring to postpone fresh bookings until greater clarity emerges on the duration and scale of the proposed power cuts. The uncertainty surrounding production schedules has also limited confidence in raw material procurement.<\/p>\n<p>Ship auction update:<\/p>\n<p>State-owned Oil and Natural Gas Corporation (ONGC) has announced the auction of the offshore drilling rig Sagar Vijay. The vessel is currently located at Dighi Port, Maharashtra, and is being offered for sale by ONGC as part of its asset disposal programme.<\/p>\n<p>Outlook:<\/p>\n<p>The market is likely to closely monitor the implementation of the proposed Punjab power restrictions over the coming days. Any sustained disruption to steel production could tighten billet availability and lend support to secondary steel prices and, consequently, scrap prices, while continued cautious buying and moderate finished steel demand may limit the pace of any price recovery.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scrap buyers remain cautious amid subdued steel trade Semis, finished steel prices decline despite supply&#8230;<\/p>\n","protected":false},"author":1,"featured_media":70212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[313],"tags":[],"class_list":["post-70211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?fit=1280%2C720&ssl=1?v=1782898789",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?resize=150%2C150&ssl=1?v=1782898789",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?fit=300%2C169&ssl=1?v=1782898789",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?fit=640%2C360&ssl=1?v=1782898789",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?fit=640%2C360&ssl=1?v=1782898789",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?fit=1280%2C720&ssl=1?v=1782898789",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?fit=1280%2C720&ssl=1?v=1782898789",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?resize=1115%2C715&ssl=1?v=1782898789",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?resize=800%2C500&ssl=1?v=1782898789",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?fit=1024%2C576&ssl=1?v=1782898789",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?resize=540%2C340&ssl=1?v=1782898789",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?resize=400%2C250&ssl=1?v=1782898789",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"<a href=\"https:\/\/biztrend24.com\/?cat=313&#038;lang=en\" rel=\"category\">Iron &amp; Steel<\/a>","tag_info":"Iron &amp; Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-71.jpg?fit=1280%2C720&ssl=1?v=1782898789","jetpack-related-posts":[{"id":70042,"url":"https:\/\/biztrend24.com\/?p=70042&lang=en","url_meta":{"origin":70211,"position":0},"title":"India: Alang&#8217;s ship-breaking scrap prices rise amid reports of power curbs","author":"Biz Trend 24","date":"June 30, 2026","format":false,"excerpt":"Punjab mills informed of possible power cuts once or twice a week Semis, finished steel prices inch up, supporting scrap prices Ship-breaking melting scrap prices in Alang strengthened on 30 June 2026, with HMS (80:20) assessed at INR 34,200\/t ex-yard, up INR 200\/t d-o-d. The increase was supported by improved\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-37-3.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-37-3.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-37-3.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-37-3.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-37-3.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":70304,"url":"https:\/\/biztrend24.com\/?p=70304&lang=en","url_meta":{"origin":70211,"position":1},"title":"India: BigMint&#8217;s ferrous scrap index remains stable d-o-d","author":"Biz Trend 24","date":"July 1, 2026","format":false,"excerpt":"Sponge iron prices remain stable Finished steel prices soften by INR 200\/t BigMint's domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 38,500\/t DAP on 30 June 2026. The Mandi market showed muted, need-based buying for scrap and finished steel as most buyers adopted a\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":52203,"url":"https:\/\/biztrend24.com\/?p=52203&lang=en","url_meta":{"origin":70211,"position":2},"title":"India: Melting scrap prices increase by INR 600\/t d-o-d in Alang","author":"Biz Trend 24","date":"December 29, 2025","format":false,"excerpt":"Ship-breaking melting scrap prices in Gujarat's Alang rose by INR 600\/t d-o-d on 29 Dec'25. HMS (80:20) prices were assessed at INR 32,100\/t ($357\/t) exy. In the regional market, billet and rebar prices rose sharply by INR 2,000-3,000\/t m-o-m, while scrap offers remained largely stable until last week. Ship-breaking scrap\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-29T152505.163.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-29T152505.163.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-29T152505.163.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-29T152505.163.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-29T152505.163.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":68567,"url":"https:\/\/biztrend24.com\/?p=68567&lang=en","url_meta":{"origin":70211,"position":3},"title":"India: Alang ship-breaking scrap prices ease amid cautious buying sentiment","author":"Biz Trend 24","date":"June 20, 2026","format":false,"excerpt":"Lack of demand visibility keeps buying activity subdued Stable steel prices provide limited support to scrap sentiment Ship-breaking melting scrap prices in Gujarat's Alang market edged lower d-o-d on 20 June, with buyers maintaining a cautious approach despite stability in the downstream steel segment. 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