Local scrap quotations in Indian market - week 19

Tuesday, 09 May 2017 11:12:05 (GMT+3)   |   Kolkata
       

Local market sources report that domestic scrap prices in western India (Alang) have decreased by INR 1,100/mt over the past week to INR 20,400/mt ($316/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have moved down by INR 1,000/mt over the same period to INR 21,300/mt ($330mt) ex-yard.
 
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have remained stable week on week at $315/mt CFR.
 
$1 = INR 64.54

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