Tag: GST cut impact automobile demand

A leading Indian automaker has increased its ADC12 settlement price by INR 800/t m-o-m to INR 232,600/t for December 2025. The price hike was primarily driven by firm demand in the automobile segment following the recent GST reduction. Meanwhile, the scrap-to-ADC12 spread widened to INR 43,000-44,000/t as of November 2025 average.