Neelachal Ispat Nigam Limited (NINL), a state-owned and India’s largest Pig iron manufacturer, has slightly reduced its offers by INR 100-400/MT.
NINL being modest is offering N1 grade (Si upto 1.24%) Pig iron at INR 21,200/MT and N2 grade (Si: 1.25-1.79%) at INR 21,400/MT ex-Cuttack, with an additional discount of upto INR 400/MT. Owing to dull buying in the market, the company has experimented with its discount criteria rather than big price correction in their basic rates.
| Quantity Purchase | N1 Price | N2 Price | Discounts |
| Upto 499 MT | 21,200 | 21,400 | No discount |
| 500 to 999 MT | 21,100 | 21,300 | 100 |
| 1,000 to 1,999 MT | 21,000 | 21,200 | 200 |
| 2,000 MT and above | 20,800 | 21,000 | 400 |
Prices in INR/MT
This time, the company has tried to make their Pig iron offers accessible to all type of purchasers by allowing discount for minimum quantity of 500 MT.
It is also offering addition freight rebate to the above discount for rakes movement (one rake = 3,500 MT approx).
Note:
- The above offers are against 100 % advance payment
- Prices are valid till 26 Dec, 2014
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