A leading Indian automaker has raised its ADC12 settlement price by INR 3,300/t m-o-m to INR 235,900/t for January 2026, marking the first increase of the year. The hike was driven by firm demand in the automobile segment following the recent GST reduction, and higher conversion rates and rising casting scrap prices made imported scrap more expensive. Meanwhile, the scrap-to-ADC12 spread widened to INR 43,000-44,000/t.

India: Leading automaker hikes ADC12 Jan’26 settlement, marks first increase of 2026
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