Sunday, March 09, 2008

Non-ferrous prices and currency affects indian import

Copper as base metal in LME (London Metal Exchange) moving towards its life high. Improving a little appreciation of US$ and Euro against Indian currency cause the raw-material scrap costs high. Euro has achived its life time high against Indian Rupees as 62.50 per euro. In terms of import from european country in costiler comparetaly to other neighbour countries.