Tag: imported scrap prices correction

India’s automotive OEM approved prices of ADC12 decreased marginally for Jul’24 settlements to INR 221,000/t ex-works Delhi. Despite the correction seen in imported scrap prices amid the arrival of delayed consignments, alloy manufacturers are hesitant to lower ingot prices, citing earlier higher scrap purchase costs impacting profit margins. The spread between tense and ADC12 alloys…