News
India - NINL cuts pig iron price offers.
Issued at 2012-07-17
Tweet
Neelachal Ispat Nigam Limited, the leading producer and exporter of pig iron, has cut steel grade offers by Rs 400/ton to Rs 25,000/ton (basic) for July 2012. The major factors involved were monsoons and low demand from end users. The devaluation of the rupee, which touched Rs 55.37 levels, has resulted in high prices of input material like coal. At current offers, buying is not encouraging as demand for the material is weakening. Pig iron exports also reduced for some period now. Offers were standing at $475/ton but international buyers are interested at $415-420/ton and therefore not resulting in export deals.
Source: ISMW
Tweet
Related News
- Stay Ahead in Nonferrous and Lightweight. Follow Diecasting & Nonferrous China 2026
- European Foundry Industry in Transition – New Opportunities Through the Defense Sector
- Global pig iron production fell by 4.4% y/y in October
- India sharply increased iron ore imports by more than 200% y/y in January-October
- EU plans to limit exports of aluminium scrap
- Calderys Group celebrates 160 years of innovation and industrial excellence
- Foundries in Transition: Why Humanoid Robots Are Now in Demand
- Iron ore exports from Brazil increased by 5.7% y/y in January-October
- See all News
