India: CR busheling scrap prices drop in latest auction

A north India-based 4-wheeler manufacturer auctioned 6,000 t of CR busheling scrap (low manganese) on 29 Oct’25 from its Gurgaon facility. The winning bids ranged within INR 31,500-31,700/t exw, down INR 2,700-2,800/t compared to the auction held on 26 Sep in which 5,600 t were sold at INR 34,300-34,500/t exw.
As of 30 Oct, CR busheling prices in Ludhiana stood at around INR 33,800/t DAP.