[SMM Steel] Alang Ship-Breaking Scrap Prices Fall amid Monsoon Disruption and Softer Steel Market

Published: Jul 31, 2026 15:52

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[India] Ship-breaking HMS (80:20) prices in Alang, Gujarat, declined to 351 USD/tonne ex-yard. Persistent rainfall disrupted cutting operations and constrained processed scrap availability, while weaker billet and rebar prices reduced buying interest from secondary steelmakers. Procurement remained largely need-based, but tight supply limited the correction. The market is expected to remain range-bound in the near term.

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