Local market sources report that domestic
scrap prices in western
India (Alang) have moved sideways over the past week at INR 20,100/mt ($308/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved up by INR 500/mt over the same period to INR 21,000/mt ($322/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have increased by $20/mt week on week to $320/mt CFR.
$1 = INR 65.30