Neelachal Ispat Nigam Ltd (NINL) has raised steel-grade pig iron offers by Rs 500 per ton to Rs 16,400 per ton ex-Cuttack from Rs 15,900 previously, according to information available with ISMW.
The offers are for N1 grade pig iron (Si 1.24%, Mn< 1%, S 0.05% max, P 0.15% max and C 3.6-4.3%).
The company is also allowing discounts up to Rs 400 per ton on purchases of 6,000 tons and above. The offer is valid till August 31, 2016.
Earlier, Neelachal Ispat Nigam Ltd (NINL) had rolled over foundry grade prices, according to information with ISMW.
The company has not changed the price for N2 or foundry grade pig iron (Si 1.25-2.25%, Mn< 1%, S 0.05% max, P 0.15% max and C 3.6-4.3%) for the period August 11-24, 2016, retaining it at Rs 16,500 per ton.
Time period |
Steel grade (N1) Pig Iron |
Foundry grade (N2) Pig Iron for road despatches |
|
June 1-June 20, 2016 |
17900 |
|
June 2-June 20, 2016 |
|
18500 |
June 20-June 30, 2016 |
17900 |
|
June 22-June 30, 2016 |
|
18500 |
June 29-July 15, 2016 |
16900 |
17500 |
July 27-August 8, 2016 |
|
16500 |
July 27-August 10, 2016 |
15900 |
|
August 11-August 24, 2016 |
|
16500 |
August 24-August 31, 2016 |
16400 |
|