Local market sources report that domestic scrap prices in western India (Alang) have decreased by INR 600/mt ($10/mt) to INR 23,900/mt ($390/mt) ex-yard over the past week, while prices in northern India (Mandi Govindgarh) have declined by INR 1,000/mt ($16/mt) to INR 26,000/mt ($424/mt) ex-yard in the same period.
$1 = INR 61.30