A leading Indian automaker set its May’25 ADC12 settlement prices at INR 220,900/t, up INR 2,600/t m-o-m – the highest hike in CY’25 – driven by firm imported aluminium scrap prices and persistent raw material shortages.
Consequently, the scrap-to-semi-finished spread widened by INR 3,000/t m-o-m to INR 35,000-36,000/t. However, sellers expected stronger price revisions, citing spot trades within INR 225,000-230,000/t in Delhi NCR and Chennai.
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