Local market sources report that domestic
scrap prices in western
India (Alang) have increased by INR 100/mt ($2/mt) over the past week to INR 15,100/mt ($226/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved down by INR 600/mt ($9/mt) over the same period to INR 16,600/mt ($248/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have remained unchanged week on week at $220/mt CFR.
$1 = INR 66.82