Local market sources report that domestic scrap prices in western India (Alang) have moved sideways in the past week at INR 25,000/mt ($365/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have remained stable over the same period at INR 26,500/mt ($386/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have increased by $5/mt week on week to $320/mt CFR.
$1 = INR 68.57