A prominent automobile manufacturer has announced its ADC12 prices for Nov’24 settlements at INR 209,900/t, reflecting a reduction of INR 6,000/t from October’s price of INR 215,900/t. This marks the lowest price level seen in eight months, with the last similar figure recorded in Mar’24. The decline is primarily attributed to sluggish demand in the automobile sector. This pricing update is likely to influence scrap and semi-finished alloy prices in the coming days.
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