Rashtriya Ispat Nigam Limited (RINL), a state owned and one of the largest Pig Iron producer and exporter in India based at Vizag, Andra Pradesh, floated an export tender of 30,000 steel grade Pig Iron on the 20th of September.
“The response from international buyers, on the 3rd of October was not good as Pig iron prices are quite low in the international market and demand is weak too.
Hence, we have shifted the tender for exports to the 15th of October”, confirmed a senior official at RINL.
Last tender fetched $410/t FOB Vizag Port, he added.
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