A major north India-based 4-wheeler manufacturer will hold an auction for approximately 5,200 t of CR busheling prompt scrap (low manganese) from its Gurgaon facility on 27 May, 2024. In the previous auction held on 25 April, around 5,000 t of material was booked at INR 39,700-39,800/t exw. Bid prices have increased by around INR 2,600-2,700/t compared to the last auction on 22 March’24, during which 4,200 t of the material were sold at INR 37,100-37,200/t exw.
