Ninl expects price growth in the nearest tender

Neelachal Ispat Nigam limited (Ninl), a joint venture for the processing and extraction of ores and minerals, believes that prices for export of iron can jump in the coming days, responding to rising prices for steel raw materials, which has grown in response to improving demand. Ninl reported that "the company was last signed a contract for $ 375 per ton for delivery to Paradip port, for shipping 50 thousand tons of cast iron."

It is assumed that in the upcoming tender prices can strive to reach $ 380. Ninl added: "Tariffs will certainly grow like other raw materials for steel production, which have shown steady growth in recent years. In addition, the need for cast iron is quite high these days. Next week, a global transaction for an export of 50 thousand tons of cast iron by the company is planned."