Local market sources report that domestic
scrap prices in western
India (Alang) have increased by INR 400/mt ($5/mt) over the past week to INR 15,600/mt ($232/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have declined by INR 200/mt ($3/mt) over the same period to INR 17,400/mt ($259/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices in
India have fallen by $5/mt week on week to $210/mt CFR.
$1 = INR 67.14