Local market sources report that domestic
scrap prices in western
India (Alang) have increased by INR 200/mt ($3/mt) over the past week to INR 17,700/mt ($265/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved down by INR 600/mt ($9/mt) over the same period to INR 18,100/mt ($271/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have increased by $10/mt week on week to $220/mt CFR.
$1 = INR 66.73