Local market sources report that domestic scrap prices in western India (Alang) have decreased by INR 100/mt over the past week to INR 28,000/mt ($387/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have remained stable over the same period at INR 31,000/mt ($428/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have increased by $15/mt week on week to $360/mt CFR.
$1 = INR 72.42