India: Automaker’s CR Busheling scrap auction sees price drop of INR 400/t m-o-m

A major 4-wheeler manufacturer in North India hosted an auction for 3,380 t of CR Busheling scrap (low manganese) on 11 Feb’25 at its Gurgaon facility in Haryana. The material was sold at INR 36,350-36,550/t exw, representing a reduction of INR 300-400/t from the previous auction held on 14 Jan’25, where 5,300 t fetched INR 36,700-36,900/t exw.