Local market sources report that domestic scrap prices in western India (Alang) have decreased by INR 200/mt ($3/mt) over the past week to INR 15,800/mt ($235/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have remained unchanged over the same period at INR 18,400/mt ($274/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices in India have increased by $7.5/mt week on week to $225/mt CFR.
$1 = INR 67.23