Auto parts producers in western India receive lower bids at busheling scrap auctions

CR busheling scrap prices fluctuated this week across major markets amidst disparity in offers and bids, especially in north and west India. An auction conducted this week from a Maharashtra-based auto parts producer for 1,800 t of CR busheling scrap fetched bids at around INR 48,800-50,500/t exw. Compared with the previous week, bid prices dropped by around INR 2,500/t. However, the above prices are subject to confirmation by the company’s management.