India: Maruti hikes ADC12 alloy ingots prices by INR 9,000/t for Jan’23

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Maruti Suzuki has announced Jan’23 settlement prices for aluminium ADC12 alloy ingots. The company is India’s largest consumer of ADC12 ingot which is used to make automobile components.
According to sources, the price has risen by INR 9,000/t m-o-m to INR 205,000/t.
SteelMint’s assessment price for Tense scrap ex-Delhi is INR 170,000/t today.

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