MMTC, India’s largest and state owned trading house, has today floated another export tender of 30,000 MT Pig Iron. The due date for submission of tender is 14:30 hrs on 27 Jun’17. The material is produced by Neelachal Ispat Nigam Limited (NINL), Duburi, Odisha, India.
Synopsis of the fresh tender issued
Quantity: 30,000 MT
Loading port: Paradip Port, India
Shipment period: During 10 Jul’17-20 Jul’17
Delivery basis: FOBST Paradip Port
Destination: Any country other than banned countries
Prior to this, the company had issued tender for 30,000 MT pig iron export on 15 Jun’17. As per the reports of market participants, the tender received poor response and low bids in the range of USD 290-295/MT, FOBST basis. Sources say that company may have cancelled the tender in anticipation of higher bids.
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