In line with closure of deal for previous export tender, the company is now looking forward to another export tender in the month of May’15. On 5 May’15, the company floated an export tender for sale of 30,000 MT basic grade Pig iron to other countries.
The delivery of material will be till 31 Jul’15, FoB Vishakhapatnam Port or Gangavaram Port on direct export basis. Quotations for bids will be accepted till 25 May’15 at 15.00 hrs and technical bids will open on the same day at 15.30 hrs. The company will not accept bids 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 of Vizag Steel’s last Export Tenders for Pig Iron
It has been assessed that since Jan’15, although the company floated export tenders regularly, but didn’t conclude as they received bids at lower levels.
On 30 Mar’15, the company had floated an export tender for 30,000 MT basic grade Pig iron with scheduled technical bids to close on 20 Apr’15. Sources mentioned that the deal was closed at around USD 255/MT FoB Vizag for 33,000 MT. Prime Carbon GmbH was the only bidder in the entire round.
Another export tender which closed in the month of Mar’15, the company had received a single bid at around USD 255/MT FoB Vizag for entire 30,000 MT lot. Although the company did not finalize the deal.
MMTC’s Pig Iron Export Tender
MMTC, another major player, playing vital role in the world of Pig iron export tenders, was pleased at last as it received bids at around USD 265/MT FoB India by MTPL for its recent export tender which closed on 06 Apr’15. This tender which had not been receiving a good response since February, finally ended with a good response from the bidder.
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