Local market sources report that domestic
scrap prices in western
India (Alang) have decreased by INR 200/mt over the past week to INR 18,200/mt ($270/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have increased by INR 200/mt over the same period to INR 18,200/mt ($270/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have moved down by $5/mt week on week to $255/mt CFR.
$1 = INR 67.41