India: Hindalco hikes aluminium ingots prices by INR 5,250/t

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Hindalco has raised aluminium ingots (P1020 grade 99.7%) prices by INR 5,250/t ($63/t) against prices on 1 Nov’22. Current prices are at INR 213,750/t ($2,583/t) exw, excluding GST.
The rise in spot prices on LME by $48/t led to a hike in Hindalco’s offers today, SteelMint notes.
Yesterday, Balco had revised down prices by INR 2,750/t ($33/t) against 29 Oct.

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