Steel Authority of India Ltd (SAIL), India’s largest steelmaker, is offering 42,000 MT steel grade Pig iron at INR 15,900/MT, ex-Rourkela till 23 Nov’15.
The company has also offered additional discount of upto INR 700/MT on bulk purchase of upto 10,000 MT. Previous to this open offer, the company had auctioned about 6,000 MT material and sold it at INR 16,700/MT, ex-plant.
Discount offered on Pig iron Purchase
| Quantity in MT | Discount Offered | Offers for Road Delivery | Offer for Rail Delivery |
| Upto 500 | No discount | 15,900 | 16,000 |
| 500 to 1,000 | 150 | 15,750 | 15,850 |
| 1,000 to 2,000 | 300 | 15,600 | 15,700 |
| 2,000 & 5,000 | 450 | 15,450 | 15,550 |
| 5,000 & 10,000 | 600 | 15,300 | 15,400 |
| Above 10,000 | 700 | 15,200 | 15,300 |
Offers in INR/MT
Source: SAIL
Other Indian primary manufacturers
Neelachal Ispat Nigam, one of the largest Pig iron manufacturers in India, has recently reduced domestic offers for Pig iron by INR 500/MT. The company is offering N1 grade (Si content below 1.24%) Pig iron at INR 15,900/MT and N2 grade (Si content 1.25-2.25%) at INR 16,200MT, ex-Cuttack with discount of INR 600-700/MT on purchase of bulk quantity.
Similarly, another primary plant namely VIzag Steel (also know as RINL) has kept their base price for Pig iron unchanged at INR 17,000/MT, ex-Vizag and offering discount of upto INR 2,000 MT on purchase of huge quantity.
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