NINL offers 30,000 tons Pig iron (Si 1.24%) to overseas buyers, through an exports tender, with another 30,000 tons as optional.
Submission of technical & price bids May 13
Opening of technical & price bids May 13 & 14 respectively
Prices in USD FOB Paradeep Port basis
Delivery of 1st & 2nd lot Mid-June & Mid-July respectively
On Apr 9, it finalized 30,000 tons Pig iron export deal at $413/MT FOB with Stemcor (London), delivery by May 31.
NINL's current prices:
Steel Rs 22,500/MT (Si 1.24%) & Rs 23,000/MT (Si 1.25-1.79%)
Foundry Rs 24,000/MT (Si 1.8-2.2%)
Most of its steel grade material is for exports and foundry grade for domestic sales.
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