North India-based auto parts producers receive good response at scrap auctions

Automobile component producers based in north and west India conducted around 400 t of busheling scrap auctions last week. HR-CR mixed busheling scrap from Faridabad received bids at INR 39,850-40,000/t exw, while the auction for same material from Gurgaon received bids at INR 38,300-38,650/t exw. A slight improvement in semis trades resulted in slightly higher bids compared to last week.