RINL, one of the leading Indian Pig Iron exporting company, has received response from couple of participants for its 30,000 MT Pig Iron export tender.
A Switzerland based trading company, Prime Carbon GmbH, who has been vigorously participating in Indian Pig iron export tenders, placed a bid of USD 374.58/MT FoB Vizag port and continues to be the highest bidder.
A new participant Fecat Limited, a private trading firm based in Hong Kong has submitted a bid at USD 372.88/MT FoB Vizag port.
The Vizag (Andhra Pradesh) based state owned Pig Iron exporter, RINL had floated a 30,000 MT Pig iron (containing Si 1%) export tender on 12 Apr, 2014. Price bids of the tender opened today.
RINL has asked traders to raise bid prices; the last date of material delivery is 10 June, 2014. The company was charging INR 23,500/MT (ex- works) with discount of INR 500/MT on bulk purchases to domestic Pig iron buyers.
RINL offers Pig iron at INR 23,750/MT (ex- works Vizag) w.e.f 06 May, 2014. Offers have been raised by INR 250/MT.
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