MMTC exports Pig Iron to Singapore based Trader

MMTC exported 31,000 MT Pig iron from Paradip Port on 21 Jan, 2014, vessel named Jupiter Ace. 

MMTC had finalized the export deal at USD 397.33/MT FoB with MMTC Transnational Pte Ltd (MTPL), a Singapore based trader and subsidiary of MMTC. The deal was concluded in this month.

On 11 Dec, 2013, MMTC had floated 30,000 MT Pig iron tender. Initially, MTPL had submitted a low bid at USD 389.61/MT FoB  on 23 Dec, 2013 and was the second highest bidder.

After awarding the first lot to a Switzerland based trader, MMTC later offered an additional lot to MTPL at a higher price. The former exports Pig iron on behalf of NINL, a state owned and largest Indian Pig iron exporter.

mmtc

Shipment of Pig Iron from India in Jan, 2014

31,500 MT of Pig iron was shipped by MMTC on 08 Jan, 2014; vessel name CMB Boris.

The Goa based Pig iron exporter shipped 31,000 MT Pig iron from Mormugoa Port on 03 Jan, 2014; vessel name New legend sea pearl.

 


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