India: MMTC Issues 30,000 MT Pig Iron Export Tender on Behalf of NINL

MMTC- India’s largest and state-owned trading house, has floated export tender of 30,000 MT non-alloy Pig Iron on behalf of Neelachal Ispat Nigam Limited (NINL). The material offered has specification - C: 3.6-4.3%; Si: up to 1.24%; Mn < 1%, S: 0.05% max; P: 0.15% Max. The due date for submission of bids is 14:30 hrs on 02 Jul’19.

Shipment Schedule: The shipment is scheduled Between 6 August 2019 to 16 August 2019 on FoB basis at Paradip port, India.

Validity: Offer to be kept valid till 1730 hours IST of 9th July 2019 for acceptance.

For contact details and other information view TENDER SECTION

NINL latest offers for steel grade pig iron at INR 26,900/MT (USD 386), the prices are down by INR 500/MT as against earlier offers which were circulated during Apr'19 end at INR 27,400/MT. The prices are ex-plant, Cuttack, Odisha (eastern India) & excluding bulk purchase discount of INR 100-400/MT.

Global Pig iron market overview - Global pig iron market continues to remain weak amid falling scrap prices. Assessment for CIS origin stands at USD 325/MT, FoB Black Sea.