Local market sources report that domestic
scrap prices in western
India (Alang) have decreased by INR 400/mt ($6/mt) over the past week to INR 15,300/mt ($225/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have remained unchanged over the same period at INR 17,900/mt ($264/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices in
India have risen by $5/mt week on week to $210/mt CFR.
$1 = INR 67.88