India: Auto parts scrap auctions in western India receive lower bids

In the final week of Nov’22, auto component producers in western India held multiple auctions of CR-HR coated, non-coated punching scraps. On 25 Nov’22 Pune-Maharashtra-based producer resulted in bids of INR 33,950/t ex-works for 1,200 t of CR-HR mix scrap. Meanwhile, on 24 Nov’22, 1800/t of CR-HR coated, non-coated scraps were sold at 34,000/t ex-works.