India's NALCO Offers $30 Discount on Aluminum Products-Shanghai Metals Market

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India's NALCO Offers $30 Discount on Aluminum Products

Industry News 09:27:40AM Feb 24, 2012 Source:SMM

BHUBANESHWAR, India Feb 23 (Reuters) - India's state-run National Aluminum Co Ltd (NALCO) has offered a discount of 1,500 rupees ($30.45) per tonne on major categories of aluminum products, a company official said on Thursday.

The latest move was prompted by changes in London Metal Exchange (LME) rates, said Ansuman Das, commercial director at NALCO.

The company has not revised basic prices but has only offered a discount on ingots, sows, billets and wire rods effective until Feb 29. The discount is not applicable for rolled products, Das said.

The company had raised prices by 2,000 rupees a tonne earlier this month.

($1=49.26 Indian Rupees)
 

Key Words:  NALCO  aluminum 

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India's NALCO Offers $30 Discount on Aluminum Products

Industry News 09:27:40AM Feb 24, 2012 Source:SMM

BHUBANESHWAR, India Feb 23 (Reuters) - India's state-run National Aluminum Co Ltd (NALCO) has offered a discount of 1,500 rupees ($30.45) per tonne on major categories of aluminum products, a company official said on Thursday.

The latest move was prompted by changes in London Metal Exchange (LME) rates, said Ansuman Das, commercial director at NALCO.

The company has not revised basic prices but has only offered a discount on ingots, sows, billets and wire rods effective until Feb 29. The discount is not applicable for rolled products, Das said.

The company had raised prices by 2,000 rupees a tonne earlier this month.

($1=49.26 Indian Rupees)
 

Key Words:  NALCO  aluminum