Local market sources report that domestic scrap prices in western India (Alang) have increased by INR 100/mt ($1.5/mt) over the past week to INR 15,300/mt ($228/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have moved up by INR 100/mt ($1.5/mt) over the same period to INR 16,800/mt ($250/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have increased by $10/mt week on week to $240/mt CFR.
$1 = INR 67.11