Neelachal Ispat Nigam Ltd (NINL) ,a steel PSU jointly promoted by trading firm MMTC & Odisha PSUs OMC and IPICOL is offering Billet in global market for the first time. Company has a billet production capacity of around 1.1 MnT per annum.
MMTC, on behalf of Neelachal Ispat Nigam Ltd , offers concast billet of size 150*150mm at USD 315/MT (Ex-Plant ) for global buyers.
Railway freight from NINL, Cuttack to Nepal Border is about INR 2,000/MT (USD 30.7/MT) and Bangladesh border is around INR 1,200/MT(USD 19/MT) .
Quantity: Minimum lifting quantity will be one Rake/lot i.e. 2,650/MT.
Price: USD 315/MT +Railway Freight at actual. The cutting charge of USD 5/MT will be charged extra for 6 meter length billets.
Grade: IS: 2830:2012 Grade Billet.
Delivery: C&F at Indian Rail Border
Global Market
Billet prices in the global market remained under pressure on falling Chinese offers. Current offers for the same grade were assessed at USD 300-310/MT FOB China and USD 340/MT FOB Black Sea.
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