A major north India-based four-wheeler manufacturer held an auction for 3,200 t of CR busheling scrap (low manganese) from its Gurgaon facility on 23 Feb’24. The entire quantity was booked at INR 37,700/t ex-works. Bid prices increased by around INR 600-700/t against the last auction in Jan at which 3,800 t of material was sold at INR 37,000-37,100/t exw.
