Local market sources report that domestic scrap prices in western India (Alang) have moved up by INR 500/mt over the past week to INR 26,700/mt ($384/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have increased by INR 500/mt over the same period to INR 28,600/mt ($412/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have remained stable week on week at $330/mt CFR.
$1 = INR 69.50