Neelachal Ispat Nigam Limited (NINL), state owned and India's largest pig iron producer and exporter has kept their offers unchanged for the month of June.
Current Prices (Ex plant):
Steel Grade (Si Up to 1.24%) Rs 23,000/MT
Steel Grade (Si 1.25% to 1.79%) Rs 23,500/MT
Foundry Grade (Si 1.8% to 2.2%) Rs 24,500/MT
Previously NINL had offered 60,000 tons (30,000 tons was optional) of steel grade (N1) for exports, which had received lower bids (at around $390/t FOB East Coast). Company is yet to take a call on it.
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