Local market sources report that domestic scrap prices in western India (Alang) have decreased by INR 300/mt over the past week to INR 24,900/mt ($390/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have moved down by INR 200/mt over the same period to INR 26,600/mt ($417/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have increased by $20/mt week on week to $360/mt CFR.
$1 = INR 63.77