[SMM Steel] Alang Ship Recycling Weekly Update

Published: Aug 11, 2026 16:34

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[India] India’s Alang ship recycling market saw improved buying sentiment last week with buyers becoming more active after several vessels were recently diverted to Chattogram and Gadani. Despite subdued domestic steel demand, Alang plate prices rose from 401USD/tonne (38,300 INR/tonne) to 411USD/tonne (39,200 INR/tonne) on Friday, supported by a stronger rupee. Indicative recycling prices remained steady at 442-447 USD/LDT for tankers and 452-457 USD/LDT for containers. Market participants expect the stronger bidding interest reflects improving confidence in Alang, although overall market fundamentals remain soft.

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