Local market sources report that domestic
scrap prices in western
India (Alang) have increased by INR 1,200/mt over the past week to INR 17,900/mt ($261/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved up by INR 1,100/mt over the same period to INR 19,100/mt ($278/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have remained unchanged week on week at $270/mt CFR.
$1 = INR 68.64