- Indian trader, MMTC had floated 60,000 MT Pig iron export tender in July, 2014
- Last deal of RINL was settled at USD 390.20/MT FoB Vizag port
- Indian Pig iron exports at 435,700 MT in Jan-Jun, 2014
MMTC, India’s largest and state-owned international trading company, has received bids from two participants for 60,000 MT (30,000 MT optional) Pig iron. The export tender had floated on 14 Jul, 2014.
According to sources, Switzerland based Prime Carbon and Singapore based MTPL had qualified the technical bids. Price bids will be opened on 30 Jul, 2014.
Recently RINL, another large exporter of Pig iron, had settled a deal of 30,000 MT at USD 390.20/MT FOB Vizag port with Hong Kong based trader, Fecat Limited.
According to trade statistics maintained by SteelMint, India has exported 435,700 MT Pig iron during Jan-Jun, 2014.
In Indian domestic market, prices are hovering in the range of INR 23,500-25,500/MT (USD 390-425/MT) on Ex-Plant basis.
MMTC had floated previous tender on 15 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.
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