In September 2025, Alang's ship-breaking melting scrap market showed a wait-and-see attitude during the month, with subdued steel fundamentals and cautious buyer sentiment affecting trading. HMS (80:20) prices were mostly stable in the ₹31,100–31,200 per tonne range with only modest fluctuation. Bhavnagar IF mills continued to buy at steady but slow rates; buyers watchfully focused on assessing demand signals from steel end-users before committing to new tonnage. The amount of beached vessels was relatively strong, but overall market activity was slow as domestic steel demand softened, and scrap buyers were buying conservatively, resulting in little movement of metric plates and scrap pricing. Regulation and compliance developments (i.e., ship recycling credit notes launching next year) provided some positive feelings for moving forward, but most actors in the space, including recyclers, were focused on price stabilization and adjusting their operations to ongoing changes in the steel market and policy.

Outlook:

In the near term, prices are expected to remain range-bound unless there is a significant shift in downstream steel demand or sourcing activity. Although there is some risk of mild downside with seasonal or global demand factors, an increase in steel demand related to infrastructure after the monsoon season could push prices up.