Hindustan Zinc hikes zinc rates; lead unchanged

NEW DELHI: Vedanta Resources group firm Hindustan Zinc on Thursday said it has lowered prices of zinc, used in producing galvanised steel, by Rs 14,00 to Rs 73,300 per tonne, with effect from Thursday.

However, the company also maintained rates of lead, used in batteries, rubber and paint, at previous week's level of Rs 69,000 per tonne. The price revision is effective from Thursday, a company circular said.

The basemetal producer revises rates of its products mostly twice a weak, based on the price movement at the London Metal Exchange.

Hindustan Zinc was trading at Rs 355 on the Bombay Stock Exchange, down 1.57 per cent in the afternoon session.