India: Balco cuts aluminium ingot prices by INR 3,250/t ($41/t)

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Bharat Aluminium Company (Balco) decreased primary aluminium ingot (P1020, 99.7%) prices by INR 3,250/t ($41/t) today d-o-d.
Post revision, Balco’s effective price stands at INR 221,250/t ($2,781/t). The drop in LME futures fuelled the fall in prices, SteelMint understands.
Meanwhile, Hindalco’s price remained stable at INR 224,250/t d-o-d.

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