Indian Pig iron exports remained almost nil in the past 2 months due to high domestic demand. Indian Pig iron exporters are offering their material in the domestic market with better realization as compared to what they have attracted from exports.
A bulk vessel named Neslead Albion of 18,000 MT has been recorded at Haldia Port (India’s east coast), which is expected to reach the port on 29 Oct’16.
According to sources, the cargo is likely to ship to Bangladesh. The company’s last Pig iron export vessel was shipped in the month of Aug’16 for 18,000 MT Pig iron. The cargo was shipped to Bangladesh and the deal was concluded at around USD 230-235/MT, FoB Haldia Port.
Another major Pig iron exporter, MMTC has exported 15,750 MT Pig iron in the month of Aug’16. The deal was concluded at USD 240/MT, FoB Paradip Port and shipment was made to Bangladesh.
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