Tag: India: Bid prices at prompt scrap auctions edge down m-o-m in Mar’24

India: Bid prices at prompt scrap auctions edge down m-o-m in Mar’24

Mar 30, 2024

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by

Tarun Naidu

in Melting Scrap

In the closing weeks of March 2024, key original equipment manufacturers (OEM) based in western and northern India organised several auctions of prompt scrap (CR-HR busheling scrap). As per BigMint assessment, the bids put forward in these auctions were lower than bids witnessed in auctions held in Feb’24 indicating weak sentiments in the steel market.