MMTC’s tender for export of 35,000 MT chrome concentrate has been awarded to Tata Steel Asia (Hong Kong) Limited.
Metal & Mineral Trading Corporation (MMTC), a state owned trading house, is one of the major global players in the minerals trade and single largest exporter of minerals from India.
The company had invited interested overseas buyers for purchase of 35,000 MT chrome concentrate (50/48% Cr) of Indian origin through its export tender for July shipment.
The material has been offered by Tata Steel, Indian origin. This tender expired on 4 July’16, and has been awarded to Tata Steel Asia (Hong Kong) Limited at USD 225/MT FOB Paradip Port.
MMTC withdrew previous Chrome ore export tender
The company withdrew last export tender for 40,000 MT Chrome concentrate export.
This decision to cancel the tender was most likely taken due to 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 Chrome producers, it was re-imposed to 30%.
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