Neelachal Ispat (NINL), India’s largest producer & exporter of Pig iron, has kept domestic Pig iron offers unchanged.
NINL, state owned and India’s largest merchant Pig Iron producer with an installed capacity of around 0.8 MnT, has kept prices stable for domestic buyers, although company has offered a quantity discount of INR 200/MT on bookings of 7,000 MT.
Currently, the company is offering N1 grade (Si 1.24%) at INR 22,500/MT and N2 grade (Si 1.25- 1.79%) at INR 23,000/MT (ex-Cuttack).
Depressed steel market has compelled the Indian manufacturers to correct their prices to 1-year low level. Private manufacturers have also corrected their prices by upto INR 2,000/MT in last 1-month.
- Raipur based traders offering Pig Iron at INR 24,300/MT
- Raigarh based manufacturers are offering Steel grade at INR 23,500/MT
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