India: Prices rise above INR 50,000/t at busheling scrap auctions held by auto parts producers

CR busheling scrap prices rose by around INR 5,000/t w-o-w across markets amidst healthy transactions in semi-finished steel, especially in the northern region. An auction conducted yesterday by a Rajasthan-based auto parts producer for 150 t of CR busheling scrap fetched bids at around INR 50,900/t exw. In another auction on 3 March from the same region, stainless steel scrap received bids at INR 68,000/t exw.


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