Local market sources report that domestic scrap prices in western India (Alang) have increased by INR 500/mt over the past week to INR 27,500/mt ($374/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have moved up by INR 700/mt over the same period to INR 30,600/mt ($416/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have moved down by $5/mt week on week to $350/mt CFR.
$1 = INR 73.50