Tag: Major scrap auctions
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India: Prices decline m-o-m at major automaker’s CR busheling auction
A major north India-based four-wheeler manufacturer auctioned 4,100 t of CR busheling scrap (low manganese) at its facility in Gurgaon, Haryana, on 26 Feb’26. The winning bids ranged between INR 34,150-34,350/t exw, reflecting a decline of INR 2,500-2,700/t compared to the previous auction held on 28 Jan’26. The price drop points to ongoing market pressures.