Local market sources report that domestic scrap prices in western India (Alang) have increased by INR 500/mt over the past week to INR 21,000/mt ($321/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have moved up by NTD 200/mt over the same period to INR 22,700/mt ($346/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have remained unchanged week on week to $335/mt CFR.
$1 = INR 65.52