Local market sources report that domestic scrap prices in western India (Alang) have increased by INR 100/mt over the past week to INR 20,700/mt ($319/mt) ex-yard, while prices in northern India (Mandi Govindgarh) have moved up by NTD 200/mt over the same period to INR 22,300/mt ($344/mt) ex-yard.
Meanwhile, ex-Europe HMS I/II 80:20 scrap prices for India have remained stable week on week at $310/mt CFR.
$1 = INR 64.92