NCDEX reports robust delivery of Mild Steel (MS) Ingots

Mumbai, July 2 (UNI) The Mild Steel (MS) Ingot contract, which expired on June 20, 2007, on the National Commodity&Derivaties Exchange (NCDEX) ltd platform saw a robust delievery of 1980 MTs at the base centres like Ghaziabad on the back of active participation by Exchange pre-approved steel mills.

Ths MS Ingot contract has seen deliveries being effected after a gap of almost a year as the Exchange has streamlined the assaying process whereby Exchange prea-approved steel mills are entitled to delivery without testing, the release issued by NCDEX said.

In order to ensure that the quality of the commodity delivered is in accordance with the contract specificatios, NCDEX regularly conducts stringent quality tests on the mills.

NCDEX has seen deliveries to the extent of 7000 MT of MS Ingots till date at its warehouse at Kolkata, Ghaziabad and Raipur.

UNI