A leading Indian automaker has raised its ADC12 settlement price by INR 7,200/t m-o-m to INR 243,100/t for February 2026, marking the second increase of the year. The price hike was driven by rising raw material costs and firm demand from the automobile segment. Meanwhile, the scrap-to-ADC12 spread widened to INR 37,000-38,000/t.
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