Local market sources report that domestic
scrap prices in western
India (Alang) have increased by INR 700/mt over the past week to INR 20,800/mt ($322/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved down by INR 300/mt over the same period to INR 20,700/mt ($320mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have declined by $10/mt week on week to $300/mt CFR.
$1 = INR 64.69