RINL Export Tender for 30,000 MT Pig Iron

Rashtriya Ispat Nigam Limited (RINL) issues an export tender for 30,000 MT Basic grade Pig iron to other countries.

After successful bidding response in the last export tender conducted on 17 Mar’15 for Pig iron, the company is now looking forward to another export tender in the month of April. On 30 Mar’15, the company floated another export tender for sale of 30,000 MT basic grade Pig iron to other countries.

The delivery of material will be till 30 Jun’15, FoB Vishakhapatnam port or Gangavaram port on direct export basis. Quotations for bids will be accepted till 20 Apr’15 at 15.00 hrs and technical bids will open on the same day at 15.30 hrs. The company will not accept bid for less than 30,000 MT as it is to export the whole quantity. Also, the quoted price bids shall be in USD or INR.

Material Specification

• C: 3.5-4.5%
• Mn: 0.50% max
• Si: 1.0% max
• P: 0.12% max
• S: 0.05% max

Scenario regarding previous Pig iron Export Tenders

On 25 Feb’15, the company had floated an export tender for 30,000 MT basic grade Pig iron with scheduled technical bids to close on 17 Mar’15. Sources mentioned that the company received a single bid from Prime Carbon GmbH in the entire round at around USD 255/MT FoB Vizag for entire 30,000 MT lot. Though it is not yet confirmed by the company officials, but the company seemed to be positive and tried for negotiation towards the deal.

Another export tender issued in the month of Jan’15, for 30,000 MT basic grade Pig iron, with scheduled technical bids to close on 11 Feb’15, received bid at USD 263/MT FoB Vizag again from Prime Carbon itself.

Other Pig iron Export Tender

MMTC’s another export tender for 40,000 MT is in the pipeline. This tender will expire on 6 Apr’15. The company’s last export tender, closed on 10 Mar’15, had failed due to lack of participants.

[su_note note_color=”#c2d6e9″ text_color=”#0b0a0a”]RINL has submitted a draft of memorandum of understanding (MoU) to the state government for setting up an ultra mega Steel plant in Keonjhar district (Odisha).[/su_note]