India: Melting scrap prices drop by INR 100/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market dropped by INR 100/t d-o-d on 8 Nov'25. According to BigMint's assessment, HMS (80:20) prices stood at INR 30,000/t ($338/t) ex-yard. Semi-finished and finished steel prices fell by INR 100-200/t in the region due to limited trade activities. In the scrap segment, average trading activity was witnessed, which prompted suppliers to adjust their offers downward today.