Local market sources report that domestic
scrap prices in western
India (Alang) have decreased by INR 900/mt over the past week to INR 21,100/mt ($337/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved down by INR 800/mt over the same period to INR 22,600/mt ($350/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have decreased by $5/mt week on week to $315/mt CFR.
$1 = INR 64.51