India: MMTC tenders for Export of Pig Iron

Metals & Minerals Trading Corporation of India (MMTC) invites global tenders from overseas buyers for sale of basic grade Pig iron produced by NINL.

MMTC floats this tender on behalf of Neelachal Ispat Nigam Limited (NINL).

Delivery: FOB Stowed & Trimmed (FOBST) Paradip port basis

Specifications

• C: 3.6-4.3%
• Mn: Less than 1%
• Si: Upto 1.24%
• S: 0.05% max
• P: 0.15% max
• Weight: 15-20 Kg

Quantity: The offer consists of two lots; first lot is a firm lot of 30,000 MT (+ upto 5%) and second lot of 30,000 MT (+ upto 5%) is an optional lot at seller’s end.

Shipment Period: For firm lot, during 20-30 Aug, 2014

Delivery/Shipment: Buyers can nominate their vessels for delivery with the acceptance to seller as per the terms & conditions.

Destination:  Any country (other than banned countries)

Important Time & Dates

• Bid submission due date: 14.30 hrs IST on 28 July, 2014
• Opening of technical bid: 15.00 hrs IST on 28 July, 2014
• Opening of price bid: 15.00 hrs IST on 29 July, 2014

Bidder may quote unit price on FOBST Paradip port basis in the price bid format.

MMTC had floated previous tender on 27 May, 2014 for 30,000 MT in which 4 trading companies had participated namely Prime Carbon GmbH (Switzerland), MTPL (Singapore), STX Corporation (South Korea) and Ronly Holdings (UK). This export deal was finalized with MTPL (Singapore) at USD 395.21/MT FoB Paradip port basis.