Nalco cuts prices as much as Rs4000 per ton

National Aluminium announced that it cut prices by 3%, the fourth reduction in two months. The price of ingots, the basic product, was lowered by as much as Rs4,000 to ~Rs128,200 per ton, reports stated. Aluminum for three-month delivery declined more than 3% since Sept. 1 on the LME. ----India Infoline