Tag: scrap markets
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India: Major automaker’s ADC12 settlement prices hit 3.5-year high in Aug’25
A major Indian automaker has raised its ADC12 settlement prices by INR 850/t m-o-m to INR 229,750/t for Aug’25, last seen in Mar’22. The increase is driven by strong imported aluminium scrap prices and lower aluminium alloy imports. Consequently, the scrap-to-ADC12 spread in Jul’25 stands largely stable at INR 32,000-33,000/t due to firm scrap prices.