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THINK ALUMINIUM THINK AL CIRCLE
Hindalco Industries Limited has raised its aluminium products price by INR 2,500 per tonne or more than 1%. With effect from Wednesday, 14 July 2021, aluminium billets and wire rods prices stand at INR 222,350 per tonne and INR 226,350 per tonne. That was an increase of INR 2,500 per tonne from INR 219,850 per tonne and INR 223,850 per tonne on July 13.
Aluminium ingots price stands at INR 215,250 per tonne on Wednesday, 14 July 2021, a hike of INR 2,500 per tonne from INR 212,750 per tonne on 13 July.
The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on stood at US$ 2509 per tonne July 14, down from US$ 2478 per tonne on July 13.
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.
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