Neelachal Ispat holds the Steel grade Pig iron prices at same level for the month of May.
Company is offering N1 grade (Si: Up to 1.24%) at INR 23,000/MT & N2 grade (Si: 1.25- 1.79%) at INR 23,500/MT Ex-Cuttack.
Traders were anticipating some hike owing to decent bids received by NINL for their Pig iron export tender, but as SAIL (RSP) is offering Pig iron to domestic buyers at INR 23,000/MT (basic), NINL has kept its offers unchanged.
The company is offering discounts of INR 150-500/MT at bulk purchase of 2,001 MT to more than 10,000 MT. Details are as follows:
|
Grade |
Quantity |
Price (INR/MT) |
Discount (INR/MT) |
|
N-1 |
For lifting of 4,000 MT by rail and / or by road |
23,000 |
No discount |
|
N-2 |
For lifting of Up to 2000 MT |
23,500 |
No discount |
|
N-2 |
For lifting of 2,001- 4,999 MT by rail and /or by road |
23,500 |
150 |
|
N-2 |
For lifting of 5,000 – 9,999 MT by rail and /or by road |
23,500 |
300 |
|
N-2 |
For lifting of 10,000 MT and above by rail and /or by road |
23,500 |
500 |
Note: one rake=3,700 MT
Prices valid till 30 May, 2014
NINL is a company promoted by MMTC & Investment Corporation of Orissa Limited (IPICOL), including industrial promotion. The company has an integrated capacity of around 1.1 MnT Iron & Steel plant at Kalinga nagar industrial complex, Jajpur (Odisha).
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