Local market sources report that domestic scrap prices in western India (Alang) have decreased by INR 100/mt over the past week to INR 27,400/mt ($385/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have moved down by INR 200/mt over the same period to INR 29,400/mt ($413/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have increased by $8/mt week on week to $343/mt CFR.
$1 = INR 71.23