Alang Melting Scrap Gains ₹300/t as Yard Supply Tightens

Alang Melting Scrap Up ₹300/t DoD

Snapshot

Melting scrap prices at Alang (ship-breaking yard, Gujarat) rose ₹300/tonne day-on-day, signaling firmer sentiment after a muted stretch.

What’s Driving the Uptick

• Tighter yard supply: Fewer beachings/lot releases this week lifted bidding levels.

• Steady sponge & ingot pulls: Secondary mills in Gujarat/Rajasthan resumed need-based buys ahead of post-festive pours.

• Cost cues firm: Support from stable global scrap benchmarks (Türkiye CFR) and unchanged local logistics.

Market Read-Across

• Other hubs: Mandi Gobindgarh and Jaipur reported steady to slightly higher melting/Light MS scrap trades; discounts narrowed.

• Spread view: Scrap–rebar and scrap–ingot margins remain balanced, limiting aggressive downside.

Outlook (Near Term)

Bias is sideways to mildly positive as long as arrivals stay thin and secondary mill runs normalize. Watch for:

1. fresh ship arrivals/beachings,

2. Türkiye CFR HMS trend,

3. rebar cash trades in western India.