Tag: India: Leading automaker hikes CR busheling prices by around INR 600/t in latest auction

In a prominent automaker’s auction for 5,600 t of low-manganese CR busheling scrap from its Gurgaon-Haryana plant on 28 Jan’26, bids reached INR 36,800-37,000/t ex-works, up by around INR 600/t from 8 Jan’s 4,000-t auction, which closed at INR 36,200-36,400/t. The rise reflects buoyant steel market sentiments, with primary producers hiking HR and CR coil…