MMTC, India’s largest trading company, on behalf of NINL has invited overseas buyers to purchase basic grade Pig iron on FOBST basis.
Metals & Minerals Trading Corporation (MMTC) has issued an export tender for sale of 40,000 MT basic grade Pig iron (Indian origin) for interested overseas buyers, produced by Neelachal Ispat Nigam Limited (NINL) in Odisha.
The quantity has been offered in two lots – first, firm lot of 30,000 MT and second for 10,000 MT, which is optional lot at seller’s end. Depending upon the availability of material, MMTC may offer the second lot to H-1 bidder at H-1 price.
The loading of the firm lot shall be done at Paradip port along with delivery basis on FOBST. Also, the shipment period is scheduled between the duration of 24 Dec, 2014 to 04 Jan, 2015.
Product Specification
- Grade: Basic grade
- C: 3.6-4.3%
- Mn: Less than 1%
- Si: Upto 1.24%
- S: 0.05% max
- P: 0.15% max
- Weight: 15-20 Kg
Last date for bid submission will be on 12 Dec, 2014 at 14.30 hrs and the technical bids are scheduled on the same day at 14.45 hrs. Also, the price bids shall open on the same day at 16.30 hrs.
Quoted unit price may be on FOBST Paradip port basis by bidders in the price bid format.
Recently, MMTC has finalized the export deal of 30,000 MT Pig iron with Prime Carbon GmbH, which it had issued in the month of October. The deal was sealed at USD 330/MT FOB ECI. Sources mentioned that Prime Carbon GmbH has further sold this cargo to a Thailand based company at around USD 350/MT CIF.
Leave a Reply