Vizag Steel, a leading state-owned Pig iron producer, and exporter, has issued an export tender of 30,000 MT basic grade steel making Pig iron for any country other than Nepal. The tender is due on 08 Jan’19. As per the delivery schedule, the last date of delivery period shall be 28 Feb’19. The offer given by the bidder will remain valid till 16 Jan’19.
Specifications:
Carbon: 3.5-4.8 %
Manganese: 0.50% max
Silicon: 1.5% max
Phosphorus: 0.18% max
Sulphur: 0.06% max
The bidders have the option to quote for shipment only from Ganagavaram port (GPL).
Vizag Steel’s 25,000 MT pig iron export tender remained canceled – Prior to this, the company had issued an export tender for 25,000 MT Pig iron which was due on 20 Dec’18. According to market sources report to SteelMint, the tender was canceled amid dull response.
MMTC’s 30,000 MT Pig iron export tender due on 08 Jan’19 – MMTC- India’s largest and state-owned trading house, had 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. Yesterday the company has reduced domestic pig iron offers by INR 500/MT. Current offers for Steel Grade at Rs 27,400/t (USD 392) (ex-Cuttack).
Global Pig iron market turns weak – CIS pig iron export offers are heard at USD 345/MT, FoB Black Sea, down by USD 5/MT W-o-W. Pig iron export offers from Brazil stable at USD 340-345/MT, FoB Brazil. Amid weakening global scrap prices, global pig iron market is expected to remain bearish.
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