On 24 May, Neelachal Ispat Nigam Limited (NINL) offered a total quantity of 60,000 tons (30,000 tons as an optional lot) Pig iron to international buyers on May 24, through an export tender.
Specification: Basic grade with Si% upto 1.24
On 05 June, the tender received highest bid at $390.02/MT FoB Paradeep Port from Prime Carbon GmbH (Switzerland) for two lots. LG International (South Korea) bid slightly lower at $390/MT FoB Paradeep Port for both lots.
NINL has decided to award 30,000 tons of Pig iron to Prime Carbon GmbH (Switzerland) at $390.02/MT FOB Paradeep Port.
Delivery of the material is to take place during first half of July for 1st.
Delivery basis: FoB Paradeep Port
NINL is expected to offer Pig iron to overseas buyers again around the next week as in the last tender only 1 lot has been allotted. And, for tender floated on 29 April, NINL decided not to award it.
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