Neelachal Ispat Nigam Limited (NINL), state controlled Pig iron exporter based at Cuttack (Odisha), received a high bid for its 30,000 tons Basic grade (N1) Pig iron (Si Up to 1.24%) export tender.
The tender was floated on July 23, for shipment during mid-August.
In comparison to its last Pig iron export deal concluded in the first week of July, bids are higher by USD 2.36/MT.
Though, a couple of overseas parties got through the technical round the last day, one of the participants made through the price bidding.
Considering the present domestic and international Pig iron market trend about which we already mentioned in our latest article about NINL, the bid is higher as per street's expectations.
Prime Carbon GmbH (Switzerland) bid at USD 375.38/MT FoB Paradeep Port for 30,000 tons (one cargo).
NINL is to take a decision whether it would award this tender to the Switzerland based importer, by August 07 itself.
For more details, contact
Seema Goenka
(seema@steelmint.com)
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