Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
02 JUNE 2020 AL CIRCLE

Hindalco cuts aluminium ingot price by 2% after three consecutive hikes

EDITED BY : HEENA IQBAL 1MINS READ

Hindalco Industries Ltd has cut prices of its aluminium ingots, billets and wire rods by 2% after hiking them for the third time in a row. With effect from June 1, the price for Hindalco aluminium ingots now stands at INR 133,000 per tonne, a decrease of 2.03% or INR 2,750 per tonne from INR 135,750 per tonne on May 30.

aluminium

{alcircleadd}

With the latest cut, Hindalco wire rods and billets price has declined by 1.87% or INR 2,750 per tonne and 1.93% or INR 2,750 per tonne from May 30 to stand at INR 144,100 per tonne and INR 140,100 per tonne.

The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down nearly 16% so far in 2020 due to slower global demand following the coronavirus outbreak. Aluminium prices are expected to remain under pressure due to the Coronavirus pandemic.

aluminium

Aluminium operations of the company, excluding those of its US arm Novelis Inc, generally account for nearly half of its total sales and 70% of its operating profit. 


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : HEENA IQBAL 1MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.