The initiative is part of the National Critical Mineral Mission (NCMM), approved by the Union Cabinet in January 2025, with a total outlay of Rs 34,300 crore (approximately $3.8 billion)

[SMM Aluminum Express News] A proposed bauxite and marl mining project at the Mevasa Block in Gujarat’s Devbhumi Dwarka district has been recommended for environmental clearance by India’s Environment Ministry’s Expert Appraisal Committee (EAC). The project covers just over 5 hectares and is located around 1.6 km from India’s first marine wildlife sanctuary and 6 km from the Marine National Park along the Gulf of Kachchh. The EAC issued its recommendation at its 29 July 2026 meeting, subject to environmental and wildlife protection conditions.

Hindustan Copper is conducting due diligence and is open to partners for the JV, such as Coal India and NTPC Mining.

[India] Ship-breaking HMS (80:20) prices in Alang, Gujarat, declined to 351 USD/tonne ex-yard. Persistent rainfall disrupted cutting operations and constrained processed scrap availability, while weaker billet and rebar prices reduced buying interest from secondary steelmakers. Procurement remained largely need-based, but tight supply limited the correction. The market is expected to remain range-bound in the near term.

[India] HMS 80:20 ship-breaking scrap prices in Alang remained unchanged at 353 USD/tonne ex-yard. Although steel prices weakened across Gujarat and northern India’s secondary market, restricted scrap arrivals, manageable inventories and sellers’ resistance to lower bids supported the market. Steelmakers continued to purchase only for immediate requirements, while subdued demand is expected to limit significant price upside.

[India] HMS 80:20 ship-breaking melting scrap prices in Alang, Gujarat, remained stable at approximately USD 353/tonne ex-yard. Tight scrap availability and logistics constraints continued to support the market, while firmer finished-steel prices in Gujarat also helped stabilize sentiment. However, downstream steel demand remained subdued, and mills and recyclers largely restricted procurement to immediate requirements rather than rebuilding inventories. Prices are expected to remain rangebound in the near term.

[India] Alang HMS 80:20 ship-breaking scrap prices increased to 353 USD/tonne ex-yard. Firmer finished steel prices in Gujarat and Mandi Gobindgarh improved market sentiment and encouraged recyclers to raise offers. Limited scrap arrivals and strict GST inspections also constrained raw-material availability. However, steelmakers continued to purchase mainly for immediate requirements. Near-term scrap prices are expected to remain supported by tight supply and stronger finished steel prices.

[India] HMS 80:20 ship-breaking scrap in Alang, Gujarat, fell to around 348 USD/tonne EXW amid weak mill buying and thin trading, remaining within its recent narrow range. Subdued finished-steel demand continued to restrict scrap consumption in Gujarat, while Mandi Gobindgarh was firmer, with HMS 80:20 rising to about 359 USD/tonne DAP. Alang prices are expected to remain range-bound.

[India] Alang HMS 80:20 ship-breaking scrap remained stable at USD 354/tonne EXW, as limited processed scrap supply offset cautious mill buying. Billet and rebar prices in Gujarat edged higher, although construction demand stayed weak. In Mandi Gobindgarh, scrap fell to around USD 352/tonne DAP, with procurement remaining largely need-based.

[Flat products (HRC)]Sheet export prices fall further, HRC deals at 485-492 USD/tonne On July 13 China's HRC and other sheet export prices fell 1-3 USD/tonne day-on-day, with HRC export deal prices at 485-492 USD/tonne FOB. Futures dropped noticeably today; market feedback indicated inquiries were subdued overall with no notable transactions. [Billet]Billet export FOB down 3 USD, Jiangyin at 456-459 USD/tonne On July 13 China's billet export FOB price fell 3 USD/tonne, with Jiangyin port quoted at 456-459 USD/tonne. Market feedback noted export billet offers remain relatively high and uncompetitive versus other exporting countries; with prices in some destination markets continuing to slide, buyers pushed hard on price and deals proved difficult. [Rebar]Rebar export offers down 1-2 USD, overseas buyers cap price, deals thin On July 13 rebar export offers edged down 1-2 USD/tonne. Market participants reported that overseas buyers have turned bearish and are pressing hard on price; only a few sellers willing to concede at low levels concluded small volumes, with overall shipments unremarkable. [Vietnam]Vietnam HRC bids low, import price slips to 525 USD/tonne CFR On July 13 Vietnam's imported HRC price fell to 525 USD/tonne CFR, with about 5000 tonnes of Indonesian SAE1006 HRC booked at that level; Indian material was also offered around 525 USD/tonne CFR, but Vietnamese buyers targeted only 515-520 USD/tonne CFR. Weak demand and slow inventory destocking kept purchasing cautious. [India]India Alang shipbreaking scrap tight, holds at 355 USD/tonne EXW On July 13 India's HMS 80:20 shipbreaking scrap at Alang, Gujarat held at 355 USD/tonne EXW. Monsoon rains continued to slow ship dismantling and cutting, limiting finished-scrap supply and offsetting weak downstream mill demand. Mills purchased on a need basis; sluggish finished-steel sales capped upside, and prices are expected to stay stable near-term. [Brazil]Carbon-cost edge supports EU demand, Brazil slab export offers steady at 575-595 USD/tonne FOB On July 13 Brazil's slab export offers held at 575-595 USD/tonne FOB (September shipment). Demand from major overseas import markets remained strong, with Brazilian slab especially favored in the EU on its highly competitive carbon-cost advantage, but strong competition from Asian suppliers kept the export premium suppressed. Exporters admitted they cannot fully cover all overseas September-shipment orders, yet amid fierce competition the offer center for the new shipment window is set to remain steady with only minor adjustments.