Indian mill cancels pig iron export tender on higher price expectations – sources

An Indian mill had floated an export tender for 30,000 t pig iron which was due on 21 Apr ’21 for material delivery by 10 Jun ’21. The offer validity of the bids is till 27 Apr ’21. If market sources are to be believed, the company has cancelled the tender due to the disparity between price expectations & bids received. The company is reported to have re-issued the tender for a similar quantity and due date of 03 May’21.