Base metals fall on subdued demand, global cues

Copper, brass utensils scrap and zinc prices fell further at the non-ferrous metal market here today on stockists selling amid subdued demand from industrial users on the back of bearish London Metal Exchange (LME) cues.
Elsewhere, nickel slipped due reduced offtake from alloy industries.
At the London Metal Exchange (LME), metals contracts soured in early trade after the Federal Reserve signaled it would stick to plans for a rate hike this year, drawing back liquidity that has underpinned metals.
Three-month copper on the London Metal Exchange slid 1.1 percent to USD 5,425.50 a tonne in the morning.
Copper cables scrap, copper wire bar and nickel dropped by Rs 5 per kg each to Rs 410, Rs 430 and Rs 1,065 from Wednesday's closing level of Rs 415, Rs 435 and Rs 1,075.

Copper scrap heavy, copper armiture and copper utensils scrap declined by Rs 4 per kg each to Rs 406, Rs 396 and Rs 375 as against Rs 410, Rs 400 and Rs 379 yesterday.
Brass utensils scrap and zinc moved down by Rs 2 per kg each to Rs 310 and Rs 172 from Rs 312 and Rs 174.
Copper sheet cutting softened by a Re per kg to Rs 395.