MMTC on behalf of NINL, has floated an open sell offer of around 1,850 MT concast billet, with a price rise of upto INR 1,000/MT for the current month.
NINL has opened billet offers for 150*150 mm at INR 22,000/MT. Besides, the company is also offering 100*100 mm billet at INR 23,000/MT ex-NINL plant (Cuttack).
The last prices circular by NINL was at INR 21,000-21,400/MT, which expired on 28 Mar’16.
Offers by MMTC on behalf of NINL
| Grade | Quantity | Size | Price (INR/MT) |
| IS:2830:2012 | 105 | 100*100 mm | 23,000 |
| IS:2830:2012 | 1,725 | 150*150 mm | 22,000 |
Basic prices in INR/MT
For more specification and terms please click here
Billet offers in the secondary market are fluctuating continuously. Current offers for billet (100*100, 125*125 mm) are assessed at INR 22,500/MT ex-Raipur, INR 21,800/MT ex-Rourkela/Cuttack, INR 22,700-22,800/MT ex-Durgapur and INR 24,400/MT ex-Mumbai.
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