MMTC’s last export tender was failed to attract the bidders, it is looking for yet another Pig iron export deal in the month of December.
On behalf of NINL, MMTC, India’s largest and state owned trading house, issued an export tender of 40,000 MT basic grade Pig iron and its tender is scheduled on 16 Dec’15. The last export tender didn’t received any bids.
Synopsis of the New Export Tender
Material: Basic grade Pig iron
Origin: Indian
Quantity: Firm lot- 30,000 MT; Optional lot-10,000 MT
Loading port: Paradip Port, India
Shipment period: During 18 Dec’15-28 Dec’15
Delivery basis: FOBST Paradip Port
Destination: Any country other than banned countries
Last date for bid submission is 16 Dec’15 at 14.30 hrs. Technical bids are scheduled on the same day at 14.45 hrs. Also, price bids will open on the same day at 16.30 hrs.
Highlights of Last Export Tender
The company released an export tender on 09 Oct’15 with scheduled technical bids to opened on 26 Oct’15 for 40,000 MT basic grade Pig iron. The company didn’t received any bid in the last export tender.
Global Market Scenario
Pig iron prices have gained some stability at USD 170-175/MT FoB Black sea, after the global scrap prices ran bullish to USD 190-195/MT CFR turkey.
Pressure among steel manufacturers worldwide of pre-winter stocking has kept pig iron prices firm.
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