Tag: India: Bidding on auto part scrap auctions moderate this week

Multiple auctions of mild steel melting scrap were held by auto component producers in western India this week. At an auction conducted by Pune-based producer on 28 Oct’22, 1,200 t of CR-HR mixed scrap received bids at INR 41,350/t exw. At another auction from Nashik on the same day, 200 t of HR-CR punching received…