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 08 Jan’19.
This is the second tender floated by the company in the month of December for export of Pig Iron. Prior to this, it had floated tender in beginning of Dec’18 for 30,000 MT pig iron export for mid Jan shipment. As per market sources, the tender did not receive any aggressive response over competitive offers from CIS nations and Brazil. It seems company must have cancelled previous tender and floated the fresh tender for same quantity and specification.
The material offered has specification – C: 3.6-4.3%; Si: up to 1.24%; Mn < 1%, S: 0.05% max; P: 0.15% Max. The shipment is scheduled between 01 Feb-10 Feb’19 from Paradip port.
For contact details and other information view TENDER SECTION
Global pig iron market overview – Pig iron export offers from CIS nations have come down by USD 10/MT W-o-W and is currently assessed at USD 350/MT, FoB Black Sea. Export offers from Brazil have also moved down to USD 340-345/MT, FoB Brazil. Amid declining global scrap offers, pig iron export offers have come under pressure.
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