Local market sources report that domestic
scrap prices in western
India (Alang) have decreased by INR 1,000/mt ($15/mt) over the past week to INR 16,700/mt ($250/mt) ex-yard, while prices in northern
India (Mandi Govindgarh) have moved down by INR 400/mt ($6/mt) over the same period to INR 17,700/mt ($265/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20
scrap prices for
India have increased by $10/mt week on week to $230/mt CFR.
$1 = INR 66.88