Tuesday, January 25 ,
MMTC Limited the largest international trading company of India which has exhibited successfully in trading of bulk commodities like imported pulses ,iron ore ,gold, silver now plans to sell pig iron through spot exchanges for very first time.
Lining up the activities like tie-ups and negotiations with a pig iron producers company in Orissa to source the steelmaking raw materials through National spot exchange
.
Without disclosing much details of the plans Asheesh Majumdaar Chief General Manager of MMTC said “The plan is afoot & we are encouraged to handle pig iron ore through NSEL”.
Currently this exchange is working on protocols patterns to handle iron auctions supplied by MMTC.
Source: Business Standard
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