#Metal stocks likely to be under pressure

#Aluminium prices slip to 2 week lows Strong USD weighs

#Nickel falls to 3 week lows China factory output slows

#Copper falls to 2 month lows -China flags new rules for commodity price index from Aug 1

SteelMint Highlights

🔸India: SteelMint #scrap #index falls following correction in steel prices

🔸India: Hindalco cuts #aluminium ingot prices by INR 3,500/t

#SRF increases #capex for setting up of arm, SRF Altech, to Rs 530 cr from Rs 425 cr

◼️Alert: SRF Altech will be #established to manufacture #aluminium foil

◼️Capex raised due to the changes in #machine configuration