MMTC Export Tender for 40,000 MT Pig Iron

Neelachal Ispat Nigam Limited (NINL) has issued export tender for 40,000 MT Basic grade Pig iron on FOBST basis.

MMTC on behalf of NINL has floated an export tender for 40,000 MT Basic grade Pig iron. The quantity will be 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.

Key Points regarding Tender

Material: Basic grade Pig iron
Origin: Indian
Quantity: Firm lot- 30,000 MT; Optional lot-10,000 MT
Loading port: Paradip Port
Shipment period: During 2-12 Mar’15
Delivery basis: FOBST Paradip Port
Destination: Any country other than banned countries
Specification

• 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 20 Feb, 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.

[su_box title=”MMTC’s Last Pig Iron Export Deal closed with MTPL” style=”glass” box_color=”#250b5b” title_color=”#ffffff”]MMTC’s last Pig iron export tender dated 13 Jan, 2015 for 30,000 MT Basic grade Pig iron was closed on 21 Jan, 2015. The company had finalized this deal with MTPL (Singapore based company & wholly owned subsidiary of MMTC) at around USD 310/MT.[/su_box]