[SMM Steel] India’s Alang Ship-Breaking Scrap Prices Rise on Firmer Steel Market and Tight Supply

Published: Jul 28, 2026 16:33

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[India] Alang HMS 80:20 ship-breaking scrap prices increased to 353 USD/tonne ex-yard. Firmer finished steel prices in Gujarat and Mandi Gobindgarh improved market sentiment and encouraged recyclers to raise offers. Limited scrap arrivals and strict GST inspections also constrained raw-material availability. However, steelmakers continued to purchase mainly for immediate requirements. Near-term scrap prices are expected to remain supported by tight supply and stronger finished steel prices.

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