India: Melting scrap prices rise by INR 100/t d-o-d in Alang
Ship-breaking melting scrap prices in Gujarat's Alang market rose by INR 100/t day-on-day (d-o-d) on 11 Apr'26, with HMS (80:20) assessed at INR 37,300/t ($401/t) ex-yard. Despite softer semi-finished and finished steel prices, scrap rates increased due to tight supply amid ongoing gas shortages. Additionally, moderate buying inquiries supported sentiment, prompting suppliers to raise offers slightly.