ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NON-FERROUS METALS-Double Squeeze

 NON-FERROUS METALS Double Squeeze THE sharp increase in the later- national prices of major non-ferrous metals during 1979-80 has sharply pushed up prices in the domestic market Different metals have responded differently. The price rise has been more pronounced in the case of copper. MMTC decided to raise the release price of copper by Rs 4,000 a tonne with effect from March 1, 1980. However, the furore by the user industries led the government's pricing committee to direct MMTC to reduce selling prices of imported copper by Rs 1,000 to Rs 37,000 per tonne with effect from April 1. This reduction followed a five per cent cut in the customs duty to 65 per cent on unwrought copper imported by MMTC. MMTC has been also authorised to increase the selling prices of tin nickel. The price of tin has been increased by Rs 8,000 from Rs 2,02,000 to Rs 2,10,000 per tonne; of nickel sojiares/cathodes/pellets by Rs tonne; and of nickel briquettes by. Rs

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