Punching scrap

India: Auto parts scrap auctions in Maharashtra receive active response

Auto component scrap auctions held by several producers in Maharashtra received an overwhelming response. A Pune-based producer conducted an auction for 1,800 t of HR-CR mixed busheling and punching scrap on 27 Oct which fetched bids at INR 41,550-41,700/t exw. In another auction from Nashik for 500 t (same material), the entire quantity was booked at INR 40,800-41,000/t exw.


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