India: Melting scrap prices fall 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 10 Apr'26. According to BigMint's assessment, HMS (80:20) prices are at INR 37,200/t ($401/t) ex-yard. Semi-finished steel prices fell by INR 500-1,000/t in the region due to limited trade activities in previous trading session. Meanwhile, average demand for scrap of the Bhavnagar-based IF mills prompted suppliers to reduce offers.