India: Melting scrap prices decrease by INR 300/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market decreased by INR 300/t d-o-d on 9 Apr'26. According to BigMint's assessment, HMS (80:20) prices are at INR 37,500/t ($405/t) ex-yard. Semi-finished and finished steel prices in the region declined by INR 1,000-1,200/t in yesterday's trading session due to slow finished steel demand. Meanwhile, average trading momentum in scrap prompted suppliers to reduce their offers today.