Local market sources report that domestic scrap prices in western India (Alang) have moved down by INR 200/mt over the past week to INR 26,500/mt ($385/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have decreased by INR 300/mt over the same period to INR 28,100/mt ($408/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have remained stable week on week at $335/mt CFR.
$1 = INR 68.80