India: Maruti hikes ADC12 alloy ingots prices by INR 6,500/t m-o-m

Maruti Suzuki India Ltd. recently announced the December 22 settlement prices for aluminium ADC12 alloy ingots. According to SteelMint’s sources, the price has risen by INR 6,500/t m-o-m to INR 196,000/t. SteelMint’s assessment price for Tense scrap ex-Delhi is INR 151,000/t today.

ADC12 ingots are used to make automobile components; Maruti Suzuki is India’s largest consumer of this alloy.