Metals: Base metal futures on the MCX were trading
higher tracking the rise in benchmark contracts on the London Metal
Exchange, where prices gained on lower level buying, but appreciation in
the rupee against the dollar capped the rise in prices. LME base metals
futures had declined earlier due to demand concerns from the US and
China and rising inventory in warehouses.
Buy Lead 113.10 sl 11.25 trgt 115, 117
Buy Lead 113.10 sl 11.25 trgt 115, 117
This is likely to hit about 10mn tonnes of India’s steel production of 88 mt in 2014-15. Until March 31, third-party inspection and certification were accepted, though at the sole responsibility of importers.
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