Neelachal Ispat Nigal Limited (NINL) has open today a price circular to sell concast billet in secondary market at INR 20,200-20,700/MT, offers down by upto INR 1,000/MT against last price circular.
In the last price circular, billet offers were in the range of INR 21,200-21,700/MT, with no discound offers. However, in the current price circullar the company is offering discount at INR 700/MT on purchase of 1,000 MT and above quantity.
Today, the company has also reduced its Pig iron offers by INR 900/MT (USD 12/MT) post price cut in the last month by INR 800/MT (USD 12/MT).
Billet offers by MMTC on behalf of NINL
| Grade | Size | Price (INR/MT) |
| IS:2830:2012 | 150X150 mm | 20,400-20,700 |
| IS:2831:2012 | 150X150 mm | 20,200 |
Prices valid till 20 Jun’16
Source: SteelMint Research
For more specification and terms please click here
In the last 3-4 days billet offers in secondary market have fluctuated by INR 200-500/MT. However, in week offers fell by upto INR 1,000/MT.
Current offers for 100X100 mm, 125X125 mm billet are evaluated at INR 21,200/MT ex-Raipur, INR 20,500/MT ex-Rourkela/Cuttack, INR 21,300/MT ex-Durgapur and INR 23,000/MT ex-Mumbai.
Leave a Reply