Tag: Scrap-to-ADC12 spread
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India: Major automaker’s ADC12 settlement prices hit a new high in Jul’25
A major Indian automaker has raised its ADC12 settlement prices by INR 2,150/t m-o-m to INR 228,900/t for Jul’25, last seen in May’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 stood largely stable at INR 31,000-32,000/t due to firm scrap prices.