India: Bidding on auto part scrap auctions receives moderate response this week

Auto parts producers in northern and western India held multiple auctions of mild steel melting scrap this week. At an auction on 7 Oct’22 from Haridwar, Uttarakhand, 400 t of CR-busheling punching received bids at INR 45,000/t exw. Meanwhile, in another auction from Halol-Gujarat on the same day for 250 t of similar grade of material, received bids at INR 45,350/t exw.


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