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New UserNINL increases pig iron offers by Rs 300 per ton
03 Mar 2016
Neelachal Ispat Nigam Ltd (NINL) increased steel-grade pig iron offers by Rs 300 per ton to Rs 17,300 per ton ex-plant at Cuttack as against Rs 17,000 per ton ex-Cuttack 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 5,000 tons and above.
The company has increased 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 100 per ton to Rs 17,500 per ton ex-Cuttack as against Rs 17,400 per ton ex-Cuttack.
NINL prices are valid till March 11, 2016.
Following table gives indicative prices of pig iron in various markets during the past quarter:
|
63.5/63 |
India |
Fines |
Vizag |
Qingdao |
51 |
49 |
49 |
50 |
|
62 |
India |
Fines |
FOB Vizag |
|
21 |
19 |
19 |
20 |
|
62 |
Australia |
PB |
Dampier |
Tianjin |
51 |
49 |
49 |
50 |
|
63.5 |
Brazil |
Fines |
Brazil |
China |
53 |
51 |
51 |
52 |
Source: Traders
NINL increases pig iron offers by Rs 300 per ton
India Steel Market Watch
March 3: Neelachal Ispat Nigam Ltd (NINL) increased steel-grade pig iron offers by Rs 300 per ton to Rs 17,300 per ton ex-plant at Cuttack as against Rs 17,000 per ton ex-Cuttack 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 5,000 tons and above.
The company has increased 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 100 per ton to Rs 17,500 per ton ex-Cuttack as against Rs 17,400 per ton ex-Cuttack.
NINL prices are valid till March 11, 2016.
Following table gives indicative prices of pig iron in various markets during the past quarter:
|
Time period |
Steel grade (N1) pig Iron |
Foundry grade (N2) pig iron for road despatches |
|
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 |
|
Feb 1-Feb 10, 2016 |
16300 |
16800 |
|
Feb 17-Feb 26, 2016 |
17000 |
17400 |
|
Mar 1-Mar 11, 2016 |
17300 |
17500 |