Alang’s ship-breaking melting scrap prices has increased by ₹900/t day-on-day on 3 January 2026, with HMS (80:20) assessed at ₹34,200/t. The increase in price is owing to improved trading activity in the regional steel market, as semi-finished and finished steel prices gained ₹1,100–1,600/t. With the current strong mill buying interest and better steel realizations has encouraged scrap suppliers to revise offers upward, tightening availability in the market.

Outlook

There has been anticipation that melting scrap prices are likely to remain firm in the near term, tracking movements in billet and finished steel prices. Meanwhile, demand volatility may cap the uptrend, but with sustained mill margins and healthy sourcing it might support current levels.