Local market sources report that domestic
scrap prices in western
India (Alang) have increased by INR 700/mt ($10/mt) over the past week to INR 16,000/mt ($239/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved up by INR 500/mt ($7/mt) over the same period to INR 17,700/mt ($265/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have remained stable week on week at $230/mt CFR.
$1 = INR 66.91