Local market sources report that domestic scrap prices in western India (Alang) have moved down by INR 100/mt over the past week to INR 27,200/mt ($399/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have decreased by INR 200/mt over the same period to INR 30,800/mt ($452/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have declined by $5/mt week on week to $360/mt CFR.
$1 = INR 68.17