Tag: scrap price impact on ADC12

A major Indian automaker has marginally reduced its ADC12 settlement price by INR 150/t m-o-m to INR 229,600/t for Sep’25, marking the first drop after seven consecutive months of gains. The slight dip is attributed to a correction in scrap prices amid falling LME levels, and expected improvement in ADC12 imports. Scrap-to-ADC12 spread remains stable…