NINL offers 60,000 tons of Pig iron to overseas buyers  

NINL offers 60,000 tons of steel grade Pig iron (2 lots of 30,000 tons) to overseas buyers, through an exports tender today.

Submission of technical and price bids: March 6 by 14:30 and 15:00 hrs IST.

Opening of technical and price bids: March 6 and 7 at 15:00 hrs IST.

Delivery of the same is to take place on FOB Paradip port basis by second half of March and first half of April respectively for the two lots.

NINL is to declare its domestic Pig iron prices for March on the 4th or 5th.

It is to commission its Steel Melting Shop by March, where 60% of its Pig iron will be consumed.