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 15,400/mt ($229/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have fallen by INR 800/mt ($12/mt) over the same period to INR 17,300/mt ($257/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices in
India have declined by $10/mt week on week to $205/mt CFR.
$1 = INR 67.22