State-owned and largest trading house, MMTC has recently canceled it’s 15,000 MT Pig iron export tender which closed on 28 June’16.
On 20 June’16, the company floated this export tender for 15,000 MT basic grade Pig iron with scheduled technical bids to close on 28 June’16. The delivery of the shipment was scheduled in Jul’16.
According to market sources, the company received 3 participants for the tender namely Prime Carbon GmBH, Steelmont Trading Ltd and Shabro Metallic Pvt Ltd.
And, the bids received were in the range of USD 235-240/MT, FoB India East Coast. However, bids received were lower than expected.
But recently, the company has canceled the tender. However, we are not able to sort the exact reason behind the cancellation, but as per the company documentation, it has been canceled due to some administrative reasons.
Another 15,000 MT Pig iron export tender in pipeline
Another export tender for 15,000 MT Pig iron is in the pipeline. The export tender is to be conducted on 05 Jul’16. The shipment for this tender had been scheduled between 05 Aug-15 Aug’16.
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