Tag: OEM inventory levels
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India: Automotive OEM-approved ADC12 prices inch down m-o-m for Sep’24 settlement
In India, automotive OEM-approved ADC12 prices have slightly decreased m-o-m for Sep’24 deliveries. According to BigMint’s monthly assessment, prices in Delhi-NCR are INR 218,000/t, while Chennai rates are INR 216,000/t. Besides the marginal drop, prices have remained relatively stable m-o-m, influenced by rising imported scrap costs. However, demand is currently low, as OEMs have ample…