Tag: Gurgaon scrap auction
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India: Prices decline m-o-m at CR busheling auction by major automaker
A major north India-based four-wheeler manufacturer auctioned 4,200 t of CR busheling scrap (low manganese) at its facility in Gurgaon, Haryana, on 13 May’25. The winning bids ranged between INR 34,750-35,000/t exw, reflecting a decline of INR 1,100-1,200/t compared to the previous auction held on 10 Apr’25. The price drop points to ongoing market pressures.