Local market sources report that domestic scrap prices in western India (Alang) have decreased by INR 500/mt over the past week to INR 26,700/mt ($378/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have moved down by INR 800/mt over the same period to INR 28,500/mt ($404/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 70.56