Local market sources report that domestic scrap prices in western India (Alang) have remained stable over the past week at INR 27,200/mt ($387/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have moved up by INR 200/mt over the same period to INR 29,300/mt ($416/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have moved sideways week on week at $330/mt CFR.
$1 = INR 70.36