Copper, brass rally on global cues

Copper and brass prices rallied in an otherwise steady non-ferrous metal market here today on increased stockist and industrial demand on the back of firming trend at the London Metal Exchange (LME). 

Copper cable scrap, copper wire bar and brass sheet cutting rose by Rs 5 per kilo each to Rs 458, Rs 486 and Rs 314 respectively from overnight closing level of Rs 453, Rs 481 and Rs 309.

Copper sheet cutting firmed up by Rs 4 per kilo to Rs 432 as against Rs 428 previously.

Copper scrap heavy, copper armiture and brass utensils scrap all moved up by Rs 3 per kilo each to Rs 449, Rs 438 and Rs 304. 

Copper utensils scrap edged up by Rs 2 per kilo to Rs 410.