Neelachal Ispat Nigam Limited (NINL) – Price setter of Indian Pig iron industry, is likely to declare its prices for the month of May, on the 9th (thursday).
Though, semi finished and finished products are being traded at cheaper rates, Indian Pig iron prices are firm.
Looking at the current steel market scenario, where coke prices have been constant and demand for Pig iron is fine in the eastern part of the country, prices might not find support to meet with any upward movement from current levels.
NINL: Steel grade material (Up to 1.24%) Rs 22,500/MT & (Si 1.25% to 1.79% ) Rs 23,000/MT and Foundry grade (Si 1.8 to 2.2%) Rs 24,000/MT
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