India: Melting scrap prices decrease by INR 200/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market decreased by INR 200/t d-o-d on 20 Feb'26. According to BigMint's assessment, HMS (80:20) prices stood at INR 33,300/t ($366/t) ex-yard. Semi-finished and finished steel prices in the region declined by INR 200-300/t in yesterday's trading session due to slow finished steel demand. Meanwhile, average trade activity in scrap prompted suppliers to reduce their offers today.