Neelachal Ispat Nigam Ltd (NINL) has raised steel-grade pig iron offers by Rs 700 per ton to Rs 16,800 per ton ex-plant, up from Rs 16,100 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 16,800 per ton, ex-Cuttack.
The company is also allowing discounts up to Rs 400 per ton on purchases of 5,000 tons and above.
The quantity available for sale is 20,000 tons.
The company has raised 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%) prices by Rs 900 per ton to Rs 17,400 per ton ex-Cuttack as against Rs 16,500 per ton ex-Cuttack.
The quantity available for sale is 2,000 tons.
NINL prices are valid till February 1, 2016.
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 |
|
Oct 28-Nov 4, 2015 |
16400 |
16700 |
|
Nov 5-Nov 20, 2015 |
15900 |
16200 |
|
Nov 23-Dec 14, 2015 |
15200 |
15500 |
|
Dec 15-Dec 24, 2015 |
15200 |
15500 |
|
Dec 30, 2015-Jan 11, 2016 |
15700 |
16000 |
|
Jan 12-Jan 20, 2016 |
16100 |
16500 |
|
Jan 21-Feb 1, 2016 |
16800 |
17400 |
Source: India Steel Market Watch