India: Melting scrap prices increase by INR 300/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang increased by INR 300/t d-o-d on 2 Jan'26, as per BigMint's assessment. HMS (80:20) prices were assessed at INR 33,300/t ($370/t) exy. The regional market witnessed active trading, supported by an INR 500-800/t spurt in semi-finished and finished steel prices. Additionally, improved buying inquiries for scrap prompted suppliers to raise their offers today.