Local market sources report that domestic
scrap prices in western
India (Alang) have increased by INR 1,100/mt over the past week to INR 19,300/mt ($284/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved up by INR 1,200/mt over the same period to INR 19,900/mt ($293/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have increased by $10/mt week on week to $280/mt CFR.
$1 = INR 67.99