Local market sources report that domestic
scrap prices in western
India (Alang) have increased by INR 300/mt ($5/mt) over the past week to INR 15,400/mt ($230/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved up by INR 100/mt ($2/mt) over the same period to INR 16,700/mt ($249/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have increased by $10/mt week on week to $230/mt CFR.
$1 = INR 67.10