On April 29, NINL offered 30,000 tons of Pig iron (Si 1.24%) to overseas buyers, through an exports tender, with another 30,000 tons as optional.
Looking at the downtrend of Pig iron prices by $10/MT in a week's time in Korea, where importers are mostly selling the Indian material, the dates are extended by a week's time.
Submission of bids May 21 at 14:30 hrs
Opening of technical & price bids May 21 & 22 respectively at 15:00 hrs
Prices in USD FOB Paradeep Port basis
Delivery 1st & 2nd lot is June 2nd half & July 1st half respectively
International prices might drop further by 5 dollars.
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