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07 APRIL 2021 AL CIRCLE

Hindalco Industries’ raises its billets price by INR 2,750/t to INR 198,100/t

EDITED BY : HEENA IQBAL 1MINS READ

Hindalco Industries Limited has continued to raise its aluminium products price. With effect from Wednesday, April 7 2021, aluminium billets price stands at INR 198,100 per tonne, an increase of INR 2,750 per tonne from INR 195,350 per tonne on March 31.

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Aluminium ingot and wire rods prices stand at INR 191,000 per tonne and INR 202,100 per tonne as of Wednesday, 07 April 2021, an increase of more than 1% from INR 188,250 per tonne and INR 199,350 per tonne per tonne on March 13.

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 LME has been increasing since October. The price has climbed nearly 14% in the October-December. 

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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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EDITED BY : HEENA IQBAL 1MINS READ

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