India: Melting scrap prices drop by INR 200/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang dropped by INR 200/t d-o-d on 13 Feb'26. According to BigMint's assessment, HMS (80:20) prices are at INR 33,000/t ($364/t) ex-yard. Trade activity for both semi-finished and finished steel remained sluggish in yesterdays session, accompanied by a price drop of INR 100/t. Additionally, only moderate scrap demand from local buyers prompted suppliers to reduce their offers today.