India: Melting scrap prices inch up by INR 200/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market rose by INR 200/t d-o-d on 26 Nov'25, as per BigMint's assessment. HMS (80:20) prices were assessed at INR 30,800/t ($345/t) exy. Moderate demand for semi-finished and finished steel was observed in the region during yesterday's trading. Also, decent buying inquiries for scrap from the Bhavnagar-based mills prompted suppliers to raise their offers today.