Scrap Metal Prices and Scrap Metal Auctions » india metal prices

India Scrap and Base Metal Prices March 11 2010

admin — Fri, 12 Mar 2010 01:38:50 +0000

March 11 2010 – Reuters has published today’s base metal and scrap metals prices in rupees per tonne at the Bombay Metal Exchange:

METALS – Copper wire bars (HCL*), Aluminum ingots, Zinc slab, Lead ingot, Tin, Nickel , Cathode

SCRAP – Copper cable scrap, Copper heavy scrap, Copper armeture, Copper utensil scrap, Copper sheet cutting, Brass utensil scrap, Brass sheet cuttings, Aluminum utensil scrap

Pricing can be found at the Reuters article MUMBAI INDIA SCRAP METAL PRICES

Indian steel makers to raise prices

admin — Wed, 10 Mar 2010 02:46:59 +0000

Some steel makers in India, such as Steel Authority of India Ltd (SAIL), JSW Steel have raised their prices of long and flat steel products since Indian Federation intended to increase the excise tax from 8% percent to 10 percent.

Moreover, SAIL’s hot rolled sheet and steel plate prices have been increased by US$44/ton and US$37/ton respectively. On the other side, its cold rolled and hot galvanizing prices did not change.

The excise tax hike has a negative effect on steel makers and the cost on steel products will up by around US$11~13/ton if the excise tax increases by 2 percent. Source www.yieh.com

March 9 2010 India Base and Scrap Metal Prices

admin — Tue, 09 Mar 2010 13:33:10 +0000

March 8 2010 – Reuters has published March 8th’s base metal and scrap metals prices in rupees per tonne at the Bombay Metal Exchange:

METALS – Copper wire bars (HCL*), Aluminum ingots, Zinc slab, Lead ingot, Tin, Nickel , Cathode

SCRAP – Copper cable scrap, Copper heavy scrap, Copper armeture, Copper utensil scrap, Copper sheet cutting, Brass utensil scrap, Brass sheet cuttings, Aluminum utensil scrap

Pricing can be found at the Reuters article MUMBAI INDIA SCRAP METAL PRICES

Indian aluminum prices up

admin — Tue, 09 Mar 2010 12:32:17 +0000

According to www.yeh.com , National Aluminium Co (Nalco) and Hindalco Industries said on 3rd March, they raised their prices of aluminum from 1st March.
　　
Nalco increased its aluminum price by 1,500-2,000 rupees per ton while Hindalco Industries increased its aluminum price by 1,000-1,500 rupees per ton.
　　
These two companies raised their aluminum prices due to the higher aluminium prices benchmark on the LME.

Base Metal and Scrap Metal Prices Mumbai India Mar 4 2010

admin — Thu, 04 Mar 2010 14:47:25 +0000

March 4 2010 – Reuters has published March 4th’s base metal and scrap metals prices in rupees per tonne at the Bombay Metal Exchange:

METALS – Copper wire bars (HCL*), Aluminum ingots, Zinc slab, Lead ingot, Tin, Nickel , Cathode

SCRAP – Copper cable scrap, Copper heavy scrap, Copper armeture, Copper utensil scrap, Copper sheet cutting, Brass utensil scrap, Brass sheet cuttings, Aluminum utensil scrap

Pricing can be found at the Reuters article MUMBAI INDIA SCRAP METAL PRICES

India Scrap Metal Prices March 2 2010

admin — Wed, 03 Mar 2010 00:18:44 +0000

March 2 2010 – Reuters published March 2 2010 base metal and scrap metals prices in rupees per tonne at the Bombay Metal Exchange:

METALS – Copper wire bars (HCL*), Aluminum ingots, Zinc slab, Lead ingot, Tin, Nickel , Cathode

SCRAP – Copper cable scrap, Copper heavy scrap, Copper armeture, Copper utensil scrap, Copper sheet cutting, Brass utensil scrap, Brass sheet cuttings, Aluminum utensil scrap

Pricing can be found at the Reuters article MUMBAI INDIA SCRAP METAL PRICES

Scrap Gold Sales Down in India

admin — Wed, 08 Apr 2009 00:49:47 +0000

Do you know why India has suddenly become an exporter of gold from top importer of the yellow metal? The secret is that in domestic market gold traders were selling gold at a discount of around Rs 300 per 10 gm. This has egged on India’s leading gold importers to export the yellow metal and earn profits from the foreign shores.

As a result, India exported over 10 tonnes of gold to Dubai, which is the traditional source of India’s imports. India’s the world’s largest importer and consumer of gold.

With February and March seeing India’s gold imports coming down to zero level, April may witness a rise in imports following the yellow metal’s downfall in the global markets.

Gold prices have come down in the past one week in international markets and the demand for the metal is expected to go up in India with the onset of festivals.

India’s gold imports was 20 tonnes in the first quarter of 2009 as compared to 141.2 tonnes in the corresponding quarter last year.

Another factor which will boost the Indian imports of gold is that the banks in the country have hardly any stock of gold to sell now. According to experts, Indian banks have just 6 tonnes of gold with them which is not even enough for two days’ consumption in the country.

India has been witnessing a surge in scrap gold sales following the rise in gold prices in the recent past and old gold was fetching good money for people. Moreover, job losses and other recession related reasons were forcing people to sell old gold.

But, the scrap gold sales have also come down in India now following the slump in prices.

The average old gold arrival in shops during the past few weeks was at 500 kg but tat has climbed down to around 200 kg level now.

Another factor which will boost gold sales in India in the coming months is World Gold Council’s (WGC) increased efforts to lift the sales.

Gold prices were quoted at $877 an ounce in London (Rs 14,170 per 10 gram) on Monday.

Last year, India imported 740 tonnes of gold. The demand of gold will revive in the days to come if the price retains this level at least for one week, said experts.

Standard gold price in Mumbai spot market fell 2.3 per cent on Monday to close at Rs 14,250 per 10 gm despite the metal moved range-bound at $877 in London. The precious metal fell 6 per cent in the domestic and 4 per cent in the international market.

One reason for the slump in gold prices is the revival of equity markets across the globe, following the G20 announcement of stimulus package worth $1.1trillion.

Gold prices in Mumbai market had hit an all-time high on February 20 at Rs 16,040 per 10 gm, up 34 per cent on the year.

Source: www.commodityonline.com