Local market sources report that domestic scrap prices in western India (Alang) have increased by INR 1,000/mt over the past week to INR 21,700/mt ($334/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have moved up by INR 1,500/mt over the same period to INR 23,500/mt ($362/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have increased by $10/mt week on week to $325/mt CFR.
$1 = INR 64.83