Tag: ADC12 scrap spread

A leading Indian automaker has raised its ADC12 settlement price by INR 13,900/t m-o-m to a record INR 257,000/t for March 2026, marking the highest level settled so far. The increase reflects elevated raw material costs and firm demand from the automobile sector. Meanwhile, the scrap to ADC12 spread widened to INR 39,000-40,000/t, indicating sustained…