RINL concludes Pig iron exports deal with South Korea   

In a meeting today, RINL has come out with a final decision regarding its 30,000 tons Pig iron (steel) exports tender.

STX Corporation (South Korea) engaged in the provision of trading services has bid highest at $411/MT FOB Vizag Port (INR 22,000) for the material.

Hence, RINL has finalized to close this deal with the South Korean company. No doubt, the party which bid second highest will be taken into consideration, provided they are left out with any extra material.

Shipment of the same is to take place by March 31. RINL, also has to look into shipments of 90,000 tons of Pig iron in the current month for deals finalized in January.