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 16 May'26, as per BigMint's assessment. HMS (80:20) prices were assessed at INR 35,000/t ($365/t) exy. Trade activity in semi-finished and finished steel improved compared to the past few days during yesterdays session. Additionally, decent buying inquiries for scrap, prompted suppliers to increase their offers today.