India: Auto parts producers receive higher bids at busheling scrap auctions

CR busheling scrap received higher bids in auctions this week and prices rose in all major markets, especially in the northern and western regions, on improving semi-finished steel movement. On 15 Feb’22, an auction conducted by Gujarat-based auto parts producers for around 200 t of CR busheling scrap fetched bids at around INR 45,000-45,100/t exw.