Neelachal Ispat Nigam Ltd (NINL) has kept Pig iron offers unchanged at 18,400/MT, ex-Cuttack allowing discount of upto INR 400/MT till 30 Apr’15.
NINL is offering N1 grade (Si content below 1.24%) and N2 grade (Si content 1.25%-1.79%) Pig iron at INR 18,400/MT, ex-works. The company has this time offered N1 grade Pig iron with increased discount slab for domestic buyers by upto INR 400/MT (for 14,000 MT & above purchase), which earlier was upto INR 200/MT (for 7,500 MT & above purchase).
On the other hand, no discount is offered for N2 grade. The company has extended its offers till 30 Apr’15, which was expected to expire on 20 Apr’15.
| Quantity Purchase | N1 grade Price | Discount | N2 grade Price |
| Upto 3,499 MT | 18,400 | No Discount | 18,400 |
| 3,500 MT to 6,999 MT | 18,300 | 100 | No Discount |
| 7,000 MT to 10,499 MT | 18,200 | 200 | |
| 10,500 MT to 13,999 MT | 18,100 | 300 | |
| 14,000 MT & above | 18,000 | 400 |
Prices in INR/MT
Source: SteelMint Research
NINL on 7 Apr’15 increased its offer for Pig iron by upto INR 300/MT amid rise in steel prices in the domestic market.
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