Author: Manish Vasdev

Market participants are expecting that Neelachal Ispat Nigam Ltd (NINL) is likely to cut Pig iron prices for July deliveries, looking at no major bookings at current offers. NINL is the largest supplier of Pig iron in merchant market and a price setter for other manufacturers. The company has a Pig iron capacity of around 800,000 MT pa. Factors that may force NINL to reduce…