Neelachal Ispat Nigam Limited (NINL) has decided to offer Pig iron in domestic market at prices lower by Rs 500/MT for the month of April, with no further discounts.
Current Prices:
N1 grade (Si Up to 1.24%) Rs 22,000/MT
N2 grade (Si 1.25% to 1.79%) Rs 22,500/MT (unchanged)
N3 grade (Si 1.8% to 2.2%) Rs 23,500/MT
The company is to finalize Pig iron exports deal today.
On the 3rd, it received bids at $413/MT and $407.18/MT from Stemcor and Prime Carbon GmbH respectively, for 30,000 tons each.
NINL might finalize deal with both the parties as realizations would be high than domestic prices.
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