Neelachal Ispat Nigam Ltd, one of the largest Pig iron manufacturers in India, has kept domestic offers for Pig iron unchanged till 24 Dec’15.
Currently, offers for N1 grade (Si content below 1.24%) Pig iron are assessed at INR 15,200/MT, ex-Cuttack, with discounts of upto INR 400/MT on bulk purchase. While, N2 grade (Si content 1.25-2.25%) Pig iron is offered at INR 15,500/MT ex-Cuttack, with discounts of upto INR 300/MT on bulk purchase.
Discount Table
| N1 Grade Pig iron Prices | ||
| Quantity | Discount Offered | Offers in INR/MT, ex-Cuttack |
| Upto 500 MT | No discount | 15,200 |
| 500 to 2,000 MT | 100 | 15,100 |
| 2,000 MT to 5,000 MT | 200 | 15,000 |
| 5,000 MT to 10,000 MT | 300 | 14,900 |
| Above 10,000 MT | 400 | 14,800 |
| N2 Grade Pig iron Prices | ||
| Upto 500 MT | No discount | 15,500 |
| 500 to 1,000 MT | 100 | 15,400 |
| 1,000 MT to 2,000 MT | 200 | 15,300 |
| Above 2,000 MT | 300 | 15,200 |
N1 grade quantity available for sale: 30,000 MT approx
N2 grade quantity available for sale: 3,000 MT approx
Valid till 24 Dec’15
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