[SMM Steel] Alang Ship-Recycling Market Improves on Higher Prices

Published: Aug 31, 2026 15:29

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[India Domestic] Alang's ship-recycling market remained active in the last week of August supported mainly by higher-value and specialized vessels. Alang 8Ani (12mm) plate prices increased by 11.53USD/tonne (1,100INR/tonne) from 429.68USD/tonne (41,000INR/tonne) to 441.21USD/tonne (42,100INR/tonne) ex-yard Alang during the week, while the rupee also strengthened slightly against the US dollar. Although India remains less competitive than Pakistan and Bangladesh for standard vessels, improving prices and steady arrivals of specialized ships indicate better market conditions for Alang. Compared with Friday, Melting scrap prices up by 9.43USD/tonne (900INR/tonne) to 378.33USD/tonne (36,100INR/tonne) and HMS attachment prices rose by 9.43USD/tonne (900INR/tonne) to 399.29USD/tonne (38,100INR/tonne) ex-yard Alang.

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