India: CR busheling scrap auctions in western region witness INR 3,400/t price surge

Pune's automotive hub witnessed a sharp surge in CR busheling scrap price in mid-April 2026, with major OEM auctions for 2,000 t closing at INR 39,000/t exw. Aggressive bids marked a INR 3,400/t m-o-m jump, driven by tight supply, robust mill utilisation, and escalating energy costs-elevating clean industrial scrap as a premium alternative.