[SMM Steel] Alang Scrap Stable, Mandi Market Rises

Published: Jun 25, 2026 18:37

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[India] Alang HMS (80:20) held at around 393 USD/tonne EXW, with mills buying only as needed. Gujarat billet weakened to about 478 USD/tonne DAP, while rebar stayed near 533 USD/tonne EXW. In North India, billet, rebar and HMS scrap all rose, with HMS scrap reaching about 406 USD/tonne DAP. Bangladesh’s ship recycling market stayed firm, with plate prices around 529 USD/tonne despite monsoon disruptions.

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