The Economic Times
NALCO cuts aluminium prices after global fall
Edited by : AL CIRCLE
1 min read
National Aluminium Co Ltd , India's third-largest producer of aluminium, cut domestic prices of aluminium ingots by 3 percent following a drop in global prices, two company officials said on Friday.
NALCO has been cutting prices over the past three months, during which aluminium prices have fallen about 8 percent.
The state-run company cut prices by $74.27 to $2351 per tonne for standard aluminium ingots, the officials, who did not wish to be identified, told Reuters.
Prices of wire rods and billets have been reduced by $64.95, they said. All price changes are effective Thursday.
NALCO has been cutting prices over the past three months, during which aluminium prices have fallen about 8 percent.
The state-run company cut prices by $74.27 to $2351 per tonne for standard aluminium ingots, the officials, who did not wish to be identified, told Reuters.
Prices of wire rods and billets have been reduced by $64.95, they said. All price changes are effective Thursday.
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