The largest state owned Indian Pig iron exporter – NINL, concluded a 30,000 tons Pig iron exports deal at $407/MT FOB Paradeep Port (INR 21,900) with Prime Carbon, an Australian company.
NINL finally met with an improved exports market in the first month of the year and shipment of the material will take place anytime in February.
The company is to revise its current domestic prices, standing at Rs 22,000/MT (Ex works Cuttack, Odisha) on February 1 (Friday).
Chances are high that offers might be raised by Rs 500/MT to Rs 22,500/MT on account of good response for the exports tender.
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