Local market sources report that domestic
scrap prices in western
India (Alang) have decreased by INR 500/mt over the past week to INR 20,300/mt ($315/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved down by INR 1,700/mt over the same period to INR 19,400/mt ($301mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have moved sideways week on week at $285/mt CFR.
$1 = INR 64.41