Tag: Scrap auctions by auto parts producers in western and north India receive weak response

In the first week of Aug’22, auto component producers in west and north India conducted multiple auctions for mild steel melting/component scrap. A Halol, Gujrat-based auto parts producer conducted an auction for around 250 t of auto steel scrap which fetched bids at around INR 45,400/t exw. In another auction from Manesar, Haryana, 90 t…