[SMM Steel] Alang Ship-Breaking Scrap Extends Decline as Weak Steel Market Weighs

Published: Aug 3, 2026 15:55

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[India] The latest market update reported that HMS 80:20 ship-breaking melting scrap in Alang fell by 3 USD/tonne to 342 USD/tonne ex-yard. Weak downstream steel demand and continued pressure on finished steel prices reduced buying interest, with purchasers limiting procurement to immediate needs. Although monsoon disruptions have constrained ship-breaking activity and tightened processed scrap supply, the shortage has not been sufficient to reverse bearish sentiment, likely limiting near-term price gains.

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