Select base metals gain on industrial demand

Image
Press Trust of India Mumbai
Last Updated : Jan 24 2013 | 2:10 AM IST

Elsewhere, select brass and aluminium also moved up better offtake from consumer industries.

The Industrial metals traded almost flat amid cautiousness on continued concerns over US fiscal cliff, though growth momentum in China helped to consolidate.

Copper cable scrap and copper wire bar rose by Rs 4 to Rs 492 and Rs 520 from last Saturday's close of Rs 488 and Rs 516.

Copper scrap heavy, copper sheet cutting and aluminium utensils scrap moved up by Rs 2 per kg to Rs 482, Rs 465 and Rs 118 as against Rs 480, Rs 463 and Rs 116 previously.

Copper utensils scrap and brass sheet cutting also inched up by Re 1 per kg to Rs 446 and Rs 331, respectively.

However, copper armature softened by Re 1 per kg to Rs 469 from Rs 470.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 17 2012 | 4:55 PM IST

Next Story