India: Melting scrap prices fall 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 7 Nov'25. According to BigMint's assessment, HMS (80:20) prices stood at INR 30,100/t ($339/t) ex-yard. Semi-finished and finished steel prices declined in yesterdays session in the region, driven by limited demand. Due to average scrap trade activity, suppliers reduced their offers today.