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Hindustan Zinc slashes zinc rates; lead unchanged

Hindustan Zinc slashes zinc rates; lead unchanged
PTI
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First Published: Thu, Jan 15 2009. 04 39 PM IST
Updated: Thu, Jan 15 2009. 04 39 PM IST
New Delhi: Vedanta Resources group firm Hindustan Zinc today said it has lowered prices of zinc, used in producing galvanised steel, by Rs14,00 to Rs73,300 per tonne, with effect from today.
However, the company also maintained rates of lead, used in batteries, rubber and paint, at previous week’s level of Rs69,000 per tonne. The price revision is effective from today, a company circular said.
The basemetal producer revises rates of its products mostly twice a week, based on the price movement at the London Metal Exchange.
Hindustan Zinc was trading at Rs355 on the Bombay Stock Exchange, down 1.57% in the afternoon session.
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First Published: Thu, Jan 15 2009. 04 39 PM IST