Inside the Markets: India Update – October 2025 | Alang Resilience, Pricing Trends, and Compliance Leadership

India’s ship recycling market remains a cornerstone of global green recycling, combining scale, compliance, and experience. In this episode of Inside the Markets from GMS Podcasts, Jamie Dalzell speaks with Kiran Thorat, Head of GMS India Office, about the current sentiment in Alang, market pricing trends, and how India continues to lead through discipline and compliance. As South Asia experiences slower activity and price corrections, Indian recyclers are showing remarkable patience and readiness. With over 110 Hong Kong Convention–compliant yards, India remains the preferred destination for safe and transparent ship recycling. Kiran discusses how the industry is maintaining full operational capability, managing staff and infrastructure, and preparing for a modest recovery heading into year-end 2025. Key Highlights: • Current pricing correction and sentiment across Alang • How Indian yards maintain full staff and HKC compliance during slow phases • Challenges in negotiations between shipowners and end buyers • India’s continued global leadership with over 110 HKC-certified yards • Outlook for Q4 2025 and early signs of recovery post-Diwali • Kiran Thorat’s message to the global ship recycling community India’s steady, compliance-driven approach continues to anchor confidence in global ship recycling. With disciplined operators, transparent processes, and a focus on safety, Alang remains at the forefront of responsible ship dismantling and green steel recovery. Follow GMS Podcasts for market intelligence and regional updates from our country heads in Asia, the Middle East, and Europe. Subscribe to the GMS Podcasts and follow GMS on LinkedIn for future updates and discussions.