India: Bidding on auto part scrap auctions moderate this week

In the third week of Sept’22, there were not many auctions conducted by the auto part producers. During one such auction, 400 t of CR-busheling scrap received bids at INR 45,550/t exw, which is almost the same price as the second week of this month. Since large quantities of imported materials were booked by plants, SteelMint analyzed domestic ferrous scrap as one pressure.