Local market sources report that domestic
scrap prices in western
India (Alang) have decreased by INR 200/mt ($3/mt) over the past week to INR 17,500/mt ($262/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 18,700/mt ($280/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have decreased by $15/mt week on week to $210/mt CFR.
$1 = INR 66.80