Local market sources report that domestic
scrap prices in western
India (Alang) have decreased by INR 300/mt ($4/mt) over the past week to INR 15,300/mt ($228/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have declined by INR 100/mt ($2/mt) over the same period to INR 17,300/mt ($258/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have remained unchanged week on week to $210/mt CFR.
$1 = INR 67.15