MMTC, India’s largest international trading company on behalf of NINL, had finalized the export deal of single lot (30,000 MT) at USD 395.21/MT FoB Paradip port with MTPL.
MMTC has received bids higher by USD 17/MT in contrast to last tender which was settled at USD 377.88/MT FoB Paradip port with Prime Carbon in the month of May. Whereas, RINL on its last export tender (in May) got highest bid of USD 372.58/MT FoB Vizag port.
MMTC had released the tender on 15 May, 2014 for which MTPL bid the highest at USD 395.21/MT FoB followed by Prime Carbon GmbH (Switzerland) at USD 387.58/MT FoB on 11 Jun, 2014.
Sources revealed, shipment is to take place in first half of July from Paradip port, where MMTC would be shipping 40,000 MT of Pig iron instead of 30,000 MT to MTPL.
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