A leading Indian automaker has increased its ADC12 settlement price by INR 2,900/t m-o-m to INR 231,800/t for November 2025. The price hike was primarily driven by a surge in auto demand following the recent GST reduction, which has pushed vehicle sales to record highs. Meanwhile, the scrap-to-ADC12 spread widened to INR 39,000-40,000/t in late October 2025.
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