Tag: India: Bids increase by around INR 500-600/t at automaker’s CR busheling scrap auction

A major north India-based 4-wheeler manufacturer held an auction for around 5,200 t of CR busheling prompt scrap (low manganese) from its Gurgaon facility on 27 May’24. The entire quantity was booked at INR 40,200-40,300/t ex-works. The bid price increased by around INR 500-600/t against the last auction on 25 April at which 5,000 t…