Local market sources report that domestic
scrap prices in western
India (Alang) have decreased by INR 1,100/mt over the past week to INR 20,400/mt ($316/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved down by INR 1,000/mt over the same period to INR 21,300/mt ($330mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have remained stable week on week at $315/mt CFR.
$1 = INR 64.54