Rashtriya Ispat Nigam Limited (RINL), the state owned Pig iron manufacturer based at Vizag, has decided to roll over its domestic Pig iron prices for the month of July.
Current offers for Basic grade Pig iron stand at last month's level, at Rs 22,500/MT (ex works Vizag).
For buyers interested to lift the material in big quantities, some discounts are being offered.
On purchases of 2 rakes i.e. minimum of 5,000 tons and above of the material, a minimum discount of Rs 500/MT has been quoted.
RINL is presently holding 50,000 tons of unsold stock.
For July, the company has set its total sales target at 20,000 tons for domestic market and the rest 30,000 tons (1 lot) for exports purposes.
A Pig iron export tender is expected to be floated this week itself with shipment period in July as the exchange rate of INR, which has touched 60 levels again, is quite favorable to wind up an export deal.
UPDATE: Tata Metaliks Holds Pig Iron Production From One of its Blast Furnace at Kharagpur Plant w.e.f 03 July till the17th.
For more details, contact
Seema Goenka
(seema@steelmint.com)
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