Aluminium

Average steel prices in the domestic market were marginally higher over Q3 both in the long and flat segmentsMining companies have also seen demand shrink in Q4, while supply was restricted

Benchmark London Metal Exchange (LME ) aluminium was down 1% at $1,841 a tonne by 1050 GMT

With a supply shock now ruled out due to the Rusal truce, aluminium prices are back to being determined by the risk of a slowdown in the global economy, especially China, where the outlook remains dull

Nickel hits 14-month low, aluminium at 18-month nadir

The proposal for import duty hike on aluminium is under examination and the commerce ministry supports it, says minister Suresh Prabhu

India is negotiating a trade package with the US and has been demanding a waiver on tariff hikes similar to the ones the US granted to Argentina, Brazil and South Korea

Aluminium makers including Hindalco and Vedanta are boosting sales to Japan as U.S. sanctions against Russia's Rusal and import tariffs shake up traditional supply routes

Steel minister Chaudhary Birender Singh says there would not be any immediate impact on domestic steel exports as India sends a marginal amount of its shipments to the US

US is erecting new barriers on a trade-war-footing against China in areas of technologies

Revenues at Hindalco's US subsidiary Novelis grew 16% to $3.1 billion