Neelachal Ispat Nigam Limited (NINL), state owned, which is operating a 1.1 MnT integrated steel plant at Cuttack (Odisha), has cut its prices of Concast Steel Billet (Grade IS 2830) by Rs 1,000/MT ($16) w.e.f 26th September 2013, according to a notification issued by the company.
Current offers for Billet are standing at Rs 28,000/MT (Ex NINL plant basis) for retail sales only.Prices are valid up to 13th of October 2013. Previously company had cut its prices by Rs 500/MT in the month of August.
Commercial billet in line with NINL prices
Billet offers by other private manufacturers are available at almost similar price, which stands at around Rs 28,000- 29,000/MT on Ex-Works basis. Sources say fall in demand from exports market have made company to cut its prices.
Difference between BIS grade and Commercial grade if percentage of Sulphur and Phosphorus content.
Leave a Reply