Neelanchal Ispat Nigam Limited (NINL) offers 16,685 MT of MS Billet at INR 27,600/MT (Ex-Works), down by almost INR 400/MT from last sale offer.
Unexpectedly, bids for BIS grade Billet, which had been put on sale by NINL in the month of December have come down by INR 400/MT. On one hand, where Billet prices in other parts of India have raise up sharply by INR 800-1,600/MT in the previous month, on the other NINL prices have come down despite of better quality.
MS Billet Prices as on 08 Jan, 2014
| Place |
Grade |
Price |
M-o-M |
| Mandi Gobindgarh |
Commercial |
33,000 |
+ 200 |
| Rourkela* |
Commercial |
28,500 |
+ 800 |
| Cuttack* |
BIS 2830 |
27,600 |
– 400 |
| Durgapur* |
Commercial |
29,900 |
+ 1,300 |
| Raipur* |
Commercial |
29,600 |
+ 1,000 |
| Raigarh* |
Commercial |
29,300 |
+ 1,100 |
| Mumbai* |
Commercial |
32,300 |
+ 600 |
| Jalna |
Commercial |
31,500 |
+ 1,250 |
| Kandla |
Commercial |
32,800 |
+ 1,800 |
| Hyderabad |
Commercial |
32,000 |
+ 1,800 |
| Chennai |
Commercial |
32,400 |
+ 2,600 |
Basic prices in INR/MT, Excise duty @12.36%; VAT as applicable.
*Payment next day
NINL, a state owned Steel manufacturer based in Odisha, is offering 16,685 MT of Concast Billet of grade IS 2830 in an open sale offer on the basis of ‘First Come First Serve’ through MMTC (Metals and Minerals Trading Corporation) at INR 27,600/MT (Ex-Cuttack).
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