India Steel Market Watch
October 13: Neelachal Ispat Nigam Ltd (NINL) decreased steel grade pig iron offers by Rs 600 per ton in domestic market to Rs 16,800 per ton, industry sources informed 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 16,800 per ton, ex-Cuttack, which were previously at Rs 17,400 per ton.
The company is also allowing discounts up to Rs 300 per ton on purchase of 2,000 tons and above.
The quantity available for sale is 25,000 tons.
The company is also offering for 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 17,300 per ton, ex-Cuttack, which were previously at Rs 17,700 per ton.
The quantity available for sale is 5,000 tons.
NINL prices are valid till October 26, 2015
Time period |
Steel grade (N1) Pig Iron |
Foundry grade (N2) Pig Iron for road despatches |
|
April 07-April 20, 2015 |
18400 |
|
|
April 20-April 30, 2015 |
18400 |
18400 |
|
April 28-May 15, 2015 |
17700 |
|
|
May 5-May 20, 2015 |
|
18400 |
|
May 19-June 12, 2015 |
17500 |
17700 |
|
June 19-June 23, 2015 |
17500 |
17700 |
|
June 25-July 10, 2015 |
17400 |
17600 |
|
July 16-July 31, 2015 |
|
17500 |
|
July 22-July 31, 2015 |
16700 |
|
|
Aug 4-Aug 21, 2015 |
16400 |
16700 |
|
Aug 25-Sept 4, 2015 |
16400 |
16700 |
|
Sept 8-Sept 18, 2015 |
17000 |
|
|
Sept 21-Sept 30, 2015 |
17800 |
|
|
Sept 23-Sept 30, 2015 |
|
18100 |
|
Oct 5-Oct 12, 2015 |
17400 |
|
|
Oct 6-Oct 12, 2015 |
|
17700 |
|
Oct-13-Oct 26, 2015 |
16800 |
17300 |