Alang's melting scrap price has dropped slightly to ₹31,300/ton, down ₹200/ton. The decrease can be attributed primarily to low activity from Bhavnagar-based IF steel mills and decreased sales of semi-finished steel. The mills are operating cautiously and avoiding excess inventory; the suppliers are also compelled to trim offers so that the materials are kept moving instead of stockpiling.

Moreover, semi-finished steel prices in the region have also dropped by ₹100–200/t, reinforcing the downward pressure on raw material prices. The continued lack of interest in purchasing ship-breaking scrap because of the BIS regulations restricting the usage of uncertified steel is preventing stronger pricing in the marketplace.

Outlook:

It has been anticipated that the outlook is likely to remain weak-to-stable, with limited mill demand. Prices may stabilize around current levels if arrivals of new vessels for breaking remain low, but a strong recovery appears unlikely without a pickup in downstream steel consumption. Overall, Alang’s melting scrap market is expected to stay range-bound, with sentiment guided by IF-mill buying behaviour and regional steel movement.