Local market sources report that domestic
scrap prices in western
India (Alang) have declined by INR 900/mt over the past week to INR 16,700/mt ($245/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved down by INR 600/mt over the same period to INR 18,000/mt ($264/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have increased by $20/mt week on week to $270/mt CFR.
$1 = INR 68.25