India: 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.As per the delivery schedule, last date of delivery period shall be 10 Aug'18. The offer given by the bidder will remain valid till 12 Jul'18.

Specification:
Carbon: 3.5-4.8 %
Manganese: 0.50% max
Silicon: 1.5% max
Phosphorus: 0.18% max
Sulphur: 0.06% max

The bidders have the option to quote for shipment either at Visakhapatnam port (VPT) or Ganagavaram port (GPL). For pig iron the FOB expense of VPT is Rs. 270 and for GPL is Rs. 325.

For contact details and other information view TENDER SECTION

Company had floated pig iron export tender for 15,000 MT in 2nd week of June. The tender was heard to have cancelled as bids put were less than company's expectations. As per sources, the bids fetched were around USD 375-380/MT, FoB.

Decline in domestic pig iron offers - Indian pig iron offers in domestic market have come down amid increased availability. This week merchant pig iron manufacturers in eastern India have come down by INR 100-400/MT W-o-W. The latest price assessment for Steel grade Pig iron stood at INR 29,300-29,700/MT ex-Raipur (Central India) & INR 29,200-29,400/MT ex-Durgapur (East region).

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.