Tag: India: Auto parts scrap auctions receive lower bids

Multiple auctions of mild steel melting scrap were held by auto component producers in northern India this week. In one such auction held on 21 Oct’22 by a Uttarakhand-based producer, 160 t of turning scrap (unbundle) received bids at INR 39,500/t ex-works. In another auction, 40 t of CR-busheling punching scrap received bids at INR…