NALCO’s aluminium ingot price experiences a third cut since February-end

AL Circle

National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices for the third time in a row since the February end. With effect from Saturday, March 18, the company has cut its aluminium ingot price by INR 3,800 per tonne or 1.73 per cent to INR 215,850-219,350 per tonne versus INR 219,650-223,150 per tonne on March 10.

NALCO’s aluminium ingot price experiences the third cut since February-end


NALCO’s aluminium wire rod price has also been reduced by INR 3,800 per tonne on March 18 to sell the product at INR 220,350-224,700 per tonne compared to INR 224,150-228,500 per tonne on March 10. Aluminium billets price is no exception but also seen a cut of the same amount to come in at INR 220,300-222,950 per tonne as against INR 224,100-226,750 per tonne

NALCO links its aluminium ingot and aluminium products prices to the three month futures of aluminium on the London Metals Exchange, which fell during March 10-17 by US$17 per tonne to stand at US$2,232 per tonne.

Global Aluminium Industry Outlook 2023

NALCO’s aluminium products and alumina account for nearly two-thirds of the company’s gross topline, while the sales of chemicals contribute to the rest. NALCO manufactures wire rods, billets, coils, and chequered sheets.

Edited By:

This news is also available on our App 'AlCircle News' Android | iOS

Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text

Your reliable partner in aluminum casthouse equipment and products

Alternate Text

A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.

Alternate Text

September 25-27, 2024 | BITS Pilani K K Birla Goa Campus, Goa, INDIA

Business Leads
We are looking for supplier of aluminium ingot A7. Destinat...
18-Jul-2024 Buying request

We are from Vietnam, we wish to provide bauxite originating ...
17-Jul-2024 Selling offer

We are looking for aluminium ingot A7 for an annual contract...
16-Jul-2024 Buying request

Read this news article and much
more on the AL News app
Get real-time news and business
lead alerts on your phone