India’s largest trading house, MMTC has recently held an export tender for 30,000 MT Pig iron on behalf of NINL (Neelachal Ispat Nigam Limited). According to sources, company has canceled the tender as they expected higher bids.
This tender has been closed on 29 Mar’17 with scheduled delivery of the shipment between 15 to 25 Apr’17. Tender received response from two participants at a price level of less than USD 300/MT FOB.
The company may issue the fresh tender for pig iron export soon.
Last tender by MMTC was concluded at USD 316/MT FOB India east coast in second week of March’17.
As per the price circular of MMTC, the price range for the domestic offer of the pig iron is from INR 22,000 to INR 22,500 valid till 31 Mar’17.
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