MMTC, India’s largest and state owned trading house, had floated export tender of 30,000 MT non-alloy Pig Iron produced by Neelachal Ispat Nigam Limited (NINL), Duburi, Odisha which expired on 14 Jul’17. The material is likely to be shipped during 21 Jul’17-31 Jul’17.
SteelMint reported earlier, the tender fetched bids higher by around USD 13/MT compared to the previous tender. Market participants highlighted that the tender attracted participation from five companies and the H1 bid was at around USD 312.5/MT, FoB basis followed by 2nd highest bid at USD 310.5/MT, FoB basis.
In the latest round of update received, the company has concluded the tender and the cargo has been sold at the tender price.
MMTC’s previous tender for export of 30,000 MT non-alloy pig iron expired on 27 Jun’17 and as per sources the tender was concluded just above USD 300/MT, FoB basis.
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