Ship-breaking melting scrap prices at Alang have remained unchanged day-on-day. The price for HMS (80:20) for sale is ₹30,800/t (USD 345/t) EX yard. The overall steel market is stable, with both semi-finished and finished steel prices also almost unchanged, and indicates an equilibrium exists between steel supply and demand that makes it unreasonable for either mills or re-processors of scrap to raise or lower prices.

The scrap supply is still pressing on sellers who are resisting a desire to shift the market in either direction, while buyers are still tentative, buying only what they absolutely must buy and with unknown overall demand. Unless the downstream steel market suddenly drives more steel into consumption or changes the sentiment, scrap pricing will remain range-bound in the near term.