[SMM Steel] Alang Ship Recycling Market Remains Stable Amid Weak Demand
[India] The Alang ship recycling market has limited trading activity, with prices down by around 2 USD/tonne (200 INR/tonne) from the previous day. Currently, melting scrap prices stand at 346 USD/tonne (33,000 INR/tonne), while HMS attachment prices are at 367 USD/tonne (35,000 INR/tonne). Demand remains weak, yet limited vessel arrivals have kept the supply side under no pressure for now. Due to ongoing geopolitical uncertainties and the monsoon-related slowdown in operations, overall market activity and buying interest have been suppressed, and the market is expected to remain stable over the next 15 days.