Local market sources report that domestic scrap prices in western India (Alang) have decreased by INR 200/mt over the past week to INR 21,200/mt ($331/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have remained stable over the same period at INR 23,500/mt ($367/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have moved sideways week on week at $320/mt CFR.
$1 = INR 64.01