RINL, a state owned and India’s one of the largest Pig iron exporter has increased domestic prices by INR 250/MT to INR 23,750/MT (Ex-works Vizag) for May, 2014.
Company continues its discount of INR 500/MT and will be selling at INR 23,250/MT on bulk Pig iron purchase (i.e. 2 rakes or more). In Apr’14 RINL corrected Pig iron prices by INR 750/MT.
The company has raised domestic Pig iron prices as it received a good response for its 30,000 MT Pig iron export tender, date of delivery is by 10 June, 2014. Prices bids stood at USD 372.88/MT and USD 374.58/MT FoB Vizag Port from two participants.Demand from domestic Pig iron buyers has also improved.
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