India’s largest trading house, MMTC has recently concluded an export tender for 15,000 MT Pig iron which closed on 23 Nov’16. The tender has been concluded at around USD 275/MT, FoB East Coast according to market sources.
MMTC floated this tender on 15 Nov’16 which got expired on 23 Nov’16 with scheduled delivery of the shipment between 05 Dec-15 Dec’16. According to sources, the company has managed to attract 3 participants. The highest bid received was around USD 275/MT, followed by second highest at around 273/MT and third bid at much lower than both.
Company issues another 30,000 MT Pig iron export tender
The company has recently issued another export tender for 30,000 MT Pig iron with scheduled technical bids to open on 02 Dec’16. The material is produced by Neelachal Ispat Nigam Limited (NINL), Duburi, Odisha, India.
Synopsis of the tender
Quantity:15,000 MT minimum-30,000 MT maximum
Loading port: Paradip Port, India
Shipment period: During 20th Dec – 30 Dec’16
Delivery basis: FOBST Paradip Port
Destination: Any country other than banned countries.
Higher global Pig iron market due to sudden surge in coking coal prices across the globe is driving global pig iron prices on higher side. It is to be noted that, export offers from Russia and Ukraine has crossed $ 300/MT mark, FoB Black Sea.
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