Nickel and tin recovers on renewed demand

Nickel, tin and brass utensils scrap recovered at the non-ferrous metal market here today on stockists buying amid renewed demand from industrial users.
Meanwhile, select copper eased owing to lower demand from consumer industries.
Globally, the industrial metal copper was steady in early trade, after European leaders reached a deal on a Greek bailout, while nickel prices fell on profit-taking after jumping 4 percent the session before.
Tin and Nickel climbed by Rs 5 per kg each to Rs 1,120 and Rs 905 from Monday's closing level of Rs 1,115 and Rs 900.
Brass utensils scrap rose by Rs 3 per kg to Rs 298 as compared to Rs 295 yesterday.

While, copper utensils scrap moved down by Rs 2 per kg to Rs 383 as against to Rs 385.
Copper armiture and copper sheets cuttings softened by a Re per kg each to Rs 413 and Rs 405 respectively.