KIOCL (Kudremukh Iron Ore Company Limited) – a state-owned company with an annual capacity 3.5 MnT iron ore pellets invites a limited export tender for 50,000 MT Pellet (Fe 64%). The tender is going to expire tomorrow i.e 3rd May 2018 around 2 PM.
Earlier KIOCL had concluded a deal for 50,000 MT pellets via limited tender in mid-April. As per sources, the deal had been concluded at USD 105/MT, FoB basis. As per sources, the cargo is likely to be shipped to South Korea.
KIOCL pellet exports have increased sharply by 73% to 1.59 MnT in FY’18 against 0.92MnT in FY’17. The company holds 17% share of the total Pellet export from Indian in FY’18.
KIOCL has floated two more tenders for domestic-: KIOCL unveiled two more tenders for domestic market participants via sea and road route.
1. As per sources, the company invited Fe 63% Pellets tender for around 50,000 MT via- sea route.
2. Another tender invites via road route for around 10,000-20,000 MT Fe 63% Pellets.
All the above tenders invited by the KIOCL are regular monthly tender for the empanelled customers of KIOCL.
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