• search

Ferrous metal rises on higher industrial demand

Written by: Staff

Mumbai, May 4 (UNI) Ferrous metal prices rose on higher industrial demand, traders at the metal exchange here today said.

In the ferrous section : brass utensils and brass cuttings hiked by Rs 500 each per quintal while copper utensils and copper heavy went up by Rs 300 and Rs 100 per quintal respectively on reduced stock supply.

In non-ferrous section : copper wire bars rose by Rs 300 per quintal on better buying support.

The prices of nickel cathode also went up by Re one per kg on good demand.

Following were the spot metal prices per quintal: Ferrous metals: Copper heavy- Rs 37,200, copper utensils- Rs 33,800, brass utensils- Rs 23,500, brass cuttings- Rs 26,000 and aluminium utensils- Rs 11,000.

Non-ferrous metals: copper wire bars- Rs 39,300, aluminium ingots- Rs 14,100, zinc slab- Rs 18,000, lead ingots- Rs 6,700, Tin slab- Rs 530 (per kg) and nickel cathode- Rs 983 (per kg).


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more