Rashtriya Ispat Nigam Limited (RINL), a state owned company cancels the steel grade Pig Iron exports tender floated on the 20th of September 2012 due to poor response from international buyers in the month of October and November.
The company has come out with another tender of 30,000 tons and waits for some good response, not below $410/MT FOB Vizag Port around the mid of December.
For users of Pig Iron in domestic market, it is being quoted at same prices at Rs 23,500/MT (Basic) and for 5 rakes of Pig Iron, discount of Rs 800/MT to Rs 22,700/MT is being offered to interested buyers.
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