Neelachal Ispat, India’s largest producer & exporter of Pig iron, has revised Pig iron prices for the 2nd time in this month.
Sluggish demand of finished steel goods as well as reduction in Sponge iron prices by INR 500/MT since a couple of weeks has compelled NINL to reduce its offers by INR 400-500/MT. Currently, it is offering N1 grade (Si upto 1.24%) at INR 24,100/MT and N2 grade (Si 1.25% to 1.79%) at INR 24,500/MT (Ex-Cuttack).
Earlier this month, NINL had corrected its offers by INR 250/MT.
NINL Pig Iron Prices
|
Price Release |
N1 grade |
N2 grade |
|
15 Jul’14 |
24,100 |
24,500 |
|
10 Jul’14 |
24,500 |
25,000 |
|
10 Jun’14 |
24,750 |
25,000 |
Prices in INR/MT (Ex-Cuttack)
Offers are valid upto 31 Jul, 2014. Company, in addition is offering discount upto INR 500/MT on bulk purchases.
Basic Price: INR 24,100/MT (EX-NINL plant basis)
|
Quantity (MT) |
Price (INR/MT) |
Discount Offered (INR/MT) |
|
For lifting less than 1 rake |
24,100 |
No discount |
|
For lifting 1 rake |
24,000 |
100 |
|
For lifting 2 rakes |
23,800 |
300 |
|
For lifting 3 rakes or more |
23,600 |
500 |
(1 Rake = 3,500 MT)
NINL is a company promoted by MMTC & Investment Corporation of Orissa Limited (IPICOL). The company has an integrated capacity of 1.1 MnT Iron & Steel plant at Jajpur (Odisha).
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