MMTC, India’s largest and state owned trading house, has floated export tender of 30,000 MT non-alloy Pig Iron on behalf of Neelachal Ispat Nigam Limited (NINL). The due date for submission of bids is 14:30 hrs on 10 Aug’18. The material offered has specification – C: 3.6-4.3%; Si: up to 1.24%; Mn < 1%, S: 0.05% max; P: 0.2% Max. The shipment is scheduled between 21 Aug-31 Aug’18 from Paradip port.
This is the third tender floated in the month of July for export of Pig Iron. First tender floated for quantity 40,000 MT out of which 30,000 MT was concluded in the price range of USD 382-383/MT, FoB and rest 10,000 MT quantity has been retendered which is due on 26 Jul’18.
For contact details and other information view TENDER SECTION
Global Pig iron market :
Brazilian pig iron exporters remained inactive amid strong domestic demand. However reference assessment stands at USD 380-385/MT, FoB
CIS pig iron export price assessment at around USD 380-390/MT, FoB Black Sea. However trade sentiments weakened on falling global scrap prices.
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