India: MMTC Floats 40,000 MT Pig Iron Export Tender on Behalf of NINL

MMTC, India's largest and state owned trading house, has floated export tender of 40,000 MT non-alloy Pig Iron on behalf of Neelachal Ispat Nigam Limited (NINL). Apart from 30,000 MT firm quantity, the pig iron exporter has also offered an optional quantity of 10,000 MT depending upon the availability of pig iron. The due date for submission of bids is 14:30 hrs on 09 July'18.

The material offered has specification - C: 3.6-4.3%; Si: up to 1.24%; Mn < 1%, S: 0.05% max; P: 0.2% Max. The shipment is scheduled between 21 July-31 July'18 from Paradip port.

For contact details and other information view TENDER SECTION

Company's last floated tender for which due date was on 06 Jun'18 was heard to have got cancelled. As per sources the bids fetched were in the range of USD 386-391/MT, FoB India while company's expectation was around USD 400/MT, FoB.

Vizag Steel Issues 25,000 MT Pig Iron Export Tender - Vizag Steel, a leading state owned Pig iron producer and exporter, has issued an export tender of 25,000 MT basic grade steel making Pig iron for any country other than Nepal. This tender is due on 5 Jul'18.

Global pig iron market overview - CIS origin pig iron export price assessment is around USD 380-390/MT, FoB Black Sea and to SE Asian nations the offer would come around USD 400-410/MT, CFR. Market participants reported thin trades in global pig iron market.