Neelachal Ispat Nigam Limited (NINL) has released another export tender for 40,000 MT Basic grade Pig iron on FOBST basis before expiring of previous export tender, supposed to close on 26 Feb’15.
MMTC on behalf of NINL has again floated an export tender for 40,000 MT Basic grade Pig iron. On 3 Feb’15, the company had floated the same export tender for 40,000 MT Pig iron with scheduled technical and price bids to close on 26 Feb’15. The shipping period of the material was during 2-12 Mar’15.
The company has offered the material 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 20-30 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 10 Mar, 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.
NINL’s Last Pig Iron Export Deal closed with MTPL
NINL’s last Pig iron export tender dated 13 Jan, 2015 for 30,000 MT Basic grade Pig iron was closed on 21 Jan’15. The company had finalized this deal with MTPL (Singapore based company and wholly owned subsidiary of MMTC) at around USD 310/MT.
NINL’s Domestic Market Pig Iron Prices
Neelachal Ispat is offering N1 grade (Si upto 1.24%) Pig iron to the domestic market at INR 19,400/MT (ex-Cuttack) for February month, with a discount of INR 200/MT on bulk purchase.
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