Local market sources report that domestic
scrap prices in western
India (Alang) have increased by INR 800/mt over the past week to INR 20,100/mt ($304/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved up by INR 1,000/mt over the same period to INR 20,500/mt ($310/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have increased by $10/mt week on week to $300/mt CFR.
$1 = INR 66.17