Local market sources report that domestic scrap prices in western India (Alang) have remained unchanged over the past week at INR 25,300/mt ($394/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have moved down by INR 200/mt over the same period to INR 27,700/mt ($431/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have remained stable week on week at $360/mt CFR.
$1 = INR 64.26