Vizag Steel, also known as Rashtriya Ispat Nignam Ltd (RINL) keeps Pig iron price unchanged for March’16 deliveries, at INR 16,800/MT, ex-Vizag.
The company is offering basic grade Pig iron at INR 16,800/MT, ex-Vizag with a discount of INR 800/MT on purchase of bulk quantity. As per source, the discount is offered on purchase of Pig iron upto 12,000MT.
Basic grade Pig iron offered by Vizag Steel as on 5 Mar’16
| Month | Base Rates (INR/MT) | Discounts* (INR/MT) | Discounted Price (INR/MT) |
| Jan’16 | 16,200 | 1,200 | 15,000 |
| Feb’16 | 16,800 | 800 | 16,000 |
| Mar’16 | 16,800 | 800 | 16,000 |
*on purchase of above 12,000 MT
Sources
Despite, uptick in steel prices in southern markets of India, RINL has kept its Pig iron prices unchanged. As per market report, the company has got decent stock to offer to the market. Currently offers for Pig iron to Hyderabad are at INR 17,800-18,200/MT, delivered basis.
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