Tag: ADC12 ingot price cut
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India: Major automaker cuts ADC12 prices by INR 700/t for Oct’25 settlements
A major Indian automaker has slightly reduced its ADC12 settlement price by INR 700/t m-o-m to INR 228,900/t for Oct’25. The marginal dip is attributed to easing raw material costs and anticipated improvement in ADC12 import availability. Meanwhile, the scrap-to-ADC12 spread remains stable in the range of INR 32,000-33,000/t as of Sept’25.