NINL has offered 60,000 tons of steel grade Pig Iron to overseas buyers through an export tender, the price bid of which is to open on January 9, 2013.
The material is expected to be lifted through two shipments i.e. 30,000 tons each, provided importers bid high.
The company cancelled an exports tender of 30,000 tons in the mid of this month as the bid price was below the cost of producing Pig Iron.
NINL is currently selling Pig Iron at Rs 22,500/MT (Ex works Cuttack, Odisha) in domestic market with a maximum discount of Rs 400 on purchase of 7,000 MT or above quantity.
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