India Steel Market Watch
December 16: Neelachal Ispat Nigam Ltd (NINL) kept steel-grade pig iron offers unchanged at in the domestic market at Rs 15,200 per ton ex-plant, according to information available with ISMW.
Currently, offers for N1 grade pig iron (Si 1.24%, Mn< 1%, S 0.05% max, P 0.15% max and C 3.6-4.3%) are at Rs 15,200 per ton, ex-Cuttack, which were previously same.
The company is also allowing discounts up to Rs 400 per ton on purchases of 10,000 tons and above.
The quantity available for sale is 30,000 tons.
The company is also offering N2 grade pig iron (Si 1.25-2.25%, Mn< 1%, S 0.05% max, P 0.15% max and C 3.6-4.3%) at Rs 15,500 per ton, ex-Cuttack, unchanged from previous prices.
The quantity available for sale is 3,000 tons.
NINL prices are valid till December 24, 2015.