Tag: Auto component producer receives good response at recent week steel scrap auction

Auto component manufacturers in north India conducted several auctions for mild steel melting scrap this week. In one such auction held by a Rajasthan-based manufacturer on 14 July, CR busheling scrap received bids at INR 49,550/t exw, higher by around INR 5,000-5,500/t m-o-m against last auction on 21 June. Notably, bid prices in this auction…