Local market sources report that domestic
scrap prices in western
India (Alang) have decreased by INR 500/mt over the past week to INR 17,400/mt ($256/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved down by INR 1,000/mt over the same period to INR 18,100/mt ($266/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have declined by $10/mt week on week to $260/mt CFR.
$1 = INR 68.04