Ship Recycling Prices Strengthen In India As Market Sentiment Improves

Market Trends And Pricing  
Reports from Alang, Gujarat, indicate steady day-to-day increases in demolition tonnage prices. The rise is attributed to stronger demand for recycled steel and improved confidence among cash buyers. This trend reflects a healthier outlook for the industry compared to the slowdown witnessed in late 2025.  

Policy Support And Steel Demand  
The government’s safeguard duty on selected steel imports, starting at 12%, has boosted domestic steel prices. This policy indirectly benefits ship recyclers by increasing demand for recycled steel, making dismantling operations more profitable.  

Industry Sentiment And Challenges  
Cash buyers report stronger confidence, with local yards showing greater willingness to acquire end-of-life vessels. However, vessel availability remains limited, posing challenges for sustained growth despite the positive pricing momentum.  

Key Highlights  

• Ship recycling prices improving in Alang, Gujarat  
• Day-to-day increases in demolition tonnage observed in early 2026  
• Government’s steel import duty supports domestic steel pricing  
• Cash buyers report stronger sentiment and confidence in the market  
• Limited vessel availability but steady demand from steelmakers and scrap consumers  

Final Takeaway  
The rise in ship recycling prices signals renewed strength in India’s maritime recycling sector. With supportive policies and stronger demand for recycled steel, the industry is positioned for a more stable and profitable year ahead, reinforcing Alang’s role as a global hub for ship dismantling.  

Sources: India Seatrade News, World Ports Organization, Best Oasis Weekly Report