Neelachal Ispat Nigam Limited, one of the biggest Pig iron suppliers in the domestic and global markets, is offering concast billet in the range of INR 19,000-19,700/MT for 150*150 mm and INR 20,500/MT for 100*100 mm.
However in local market, Odisha billet of 100*100 mm is being offered by secondary manufacturers in the range of INR 18,500-18,800/MT for commercial grade. As per sources, NINL’s offers are higher due to prime grade material and availbility in limited quantity.
Brief details of NINL’s billet offers
| Grade | Size & Length | Quantity | Price |
| IS 2830:2012 | 150*150 mm, 6 m | 2,700 | 19,700 |
| IS 2830:2012 | 100*100 mm, 12 m | 130 | 20,500 |
| IS 2831:C22 | 150*150 mm, 6 m | 1,400 | 19,200 |
| IS 2831:C22 | 150*150 mm, 12 m | 300 | 19,200 |
Basic prices in INR/MT
Source: MMTC, SteelMint Research
For NINL’s price circular, click here.
Offers in secondary market remain under pressure
Today, billet offers in secondary market have plunged down further by upto INR 200/MT in central & east markets. In same line, manufacturers in south and west India reported, poor trade activities at current offers. They metioned that offers may come down anytime soon as mill operators are not willing to purchase at current offers. Heavy rainfall in these regions has been disturbing semis and long steel dispatches.
Billet prices as on 12 Aug’16
| Particular/Delivery | Size/Grade | Prices | D-o-D | W-o-W | M-o-M |
| Ex-Mandi Gobindgarh | 125×125 mm, IS 2831 | 22,350 | – 50 | – 950 | – 500 |
| Ex-Durgapur | 125×125 mm, IS 2831 | 19,200 | – 50 | – 600 | – 450 |
| Ex-Kolkata | 125×125 mm, IS 2831 | 19,600 | – 50 | – 600 | – 450 |
| Ex-Rourkela | 125×125 mm, IS 2831 | 18,500 | – 150 | – 700 | – 500 |
| Ex-Raipur* | 125×125 mm, IS 2831 | 19,350 | – 100 | – 700 | – 200 |
| Ex-Ahmedabad | 125×125 mm, IS 2831 | 20,750 | – 100 | – 750 | – 1,250 |
| Ex-Goa | 125×125 mm, IS 2831 | 21,000 | 0 | + 400 | + 400 |
| Ex-Mumbai* | 100×100 mm, IS 2831 | 20,900 | 0 | – 500 | – 450 |
| Ex-Chennai | 125×125 mm, IS 2831 | 21,300 | 0 | – 250 | -1,100 |
| Ex-Hyderabad | 125×125 mm, IS 2831 | 21,000 | 0 | – 400 | – 500 |
Basic prices in INR/MT
Source: SteelMint Research
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