MMTC had invited interested overseas buyers for purchase of 40,000 MT Chrome concentrate (50/48% Cr) of Indian origin through its export tender for June shipment.
The material has been offered by Tata Steel Paradip Port basis.
Date for submission of tender was 03 Jun’16.
However, the company has decided to withdraw the tender due to no bids. This decision has mostly come in with the re-imposition of export duty on chrome ore and concentrate. Indian government waived off 30% export duty on Chrome ore in 2017 Budget but after protest from Ferro alloy producers it was re-imposed to 30%.
The last chrome ore export tender was concluded at USD 189/MT FOB Paradip port.
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