NINL (Cuttack) and RINL (Vizag), the largest state owned Pig Iron manufacturers and exporters in India hold domestic offers at Rs 23,500/MT (Basic) for Dec 12.
According to Senior officials of the company, “There has neither been a major change in demand from domestic users, nor any exports deal were finalized in November. Hence, offers stand at same levels due to inventory in large quantities”.
Some fluctuation might be seen in current prices after the 30,000 tons steel grade Pig Iron tender that has been floated by NINL and RINL each, opens in the mid of Dec.
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