India: Prices decline by around INR 950/t m-o-m at CR busheling auction by major automaker

A major north India-based four-wheeler manufacturer auctioned 4,800-5,000 t of CR busheling scrap (low manganese) at its facility in Gurgaon, Haryana, on 10 Jun’25. The winning bids ranged between INR 33,900-34,000/t exw, reflecting a decline of INR 950-1,000/t compared to the previous auction on 13 May’25. The reduction in prices suggests market pressures such as subdued demand.