MMTC, India’s largest trading company, on behalf of NINL has re-issued a global tender for export of Pig iron owing to poor bidding response in the previous export tender.
MMTC had opened an export tender for 40,000 MT basic grade Pig iron (firm lot -30,000 MT + optional lot-10,000 MT) dated 28 Nov, 2014 that closed on 12 Dec, 2014. The tender has not received any bid owing to dull sentiments in the global market.
In order to sell the previous quantity offered in the last tender, the company has invited fresh tender for overseas buyers. The offered quantity will be in 2 lots; firm lot containing 30,000 MT and optional lot containing 10,000 MT, which is optional at seller’s end and may be offered to H-1 bidder at H-1 price by MMTC, depending upon the availability of the material.
The loading of the firm lot shall be done at Paradip port along with delivery basis on FOBST. In addition, the shipment period is scheduled between the duration of 14-24 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 05 Jan, 2015 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.
MMTC’s last export tender of 30,000 MT Pig iron floated in the month of Oct’14 was closed at USD 330/MT FoB Paradip with Prime carbon – a Switzerland based trader. The cargo was shipped to Thailand at USD 350/MT CIF Thailand.
Leave a Reply