Tag: SteelMint
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India: Aluminium ADC12 spot prices rise, spread shrinks
As per BigMint assessment, spot prices for aluminium ADC12 alloy ingot experienced a slight uptick of INR 3,000/t, reaching INR 216,000/t w-o-w exw Delhi NCR. Notably, tense Ex-Delhi reached INR 186,000/t, marking a weekly increase of INR 3,000/t. The scrap-to-ADC12 spread continued to dwindle due to the prevalence of cheaper imports from FTA countries. Market…