Tag: misses seller expectations

A leading Indian automaker set its May’25 ADC12 settlement prices at INR 220,900/t, up INR 2,600/t m-o-m – the highest hike in CY’25 – driven by firm imported aluminium scrap prices and persistent raw material shortages. Consequently, the scrap-to-semi-finished spread widened by INR 3,000/t m-o-m to INR 35,000-36,000/t. However, sellers expected stronger price revisions, citing…