Tag: Auto scrap auction result

Scrap auctions by auto parts producers in western India receive weak response

May 28, 2022

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by

Shankar

in Melting Scrap

In the fouth week of May’22, auto component producers in western India conducted multiple auctions of mild steel melting/component scrap. A Nashik-based auto parts producer conducted an auction for around 200 t of auto HR-CR mixed busheling scrap that fetched bids at around INR 38,500-39,000/t exw. The same material fetched bids at around INR 44,500-45,000/t…