{"id":1379,"date":"2017-08-24T14:35:31","date_gmt":"2017-08-24T14:35:31","guid":{"rendered":"http:\/\/kjtehrani.com\/en\/?p=1379"},"modified":"2017-08-24T14:35:31","modified_gmt":"2017-08-24T14:35:31","slug":"indian-pig-iron-export-tender-update","status":"publish","type":"post","link":"https:\/\/kjtehrani.com\/en\/indian-pig-iron-export-tender-update\/","title":{"rendered":"Indian Pig Iron Export Tender &#8211; Update"},"content":{"rendered":"<p style=\"text-align: justify;\">MMTC on behalf of Neelanchal Ispat Nigam Limited (NINL) had floated an export tender for 30,000 MT non alloy grade pig iron which got expired on 16 Aug\u201917.<\/p>\n<p style=\"text-align: justify;\">The material shipment is scheduled between 25 Aug-5 Sept&#8217;1 7.<\/p>\n<p style=\"text-align: justify;\">The material speci\ufb01cations is as follows: C- 3.6-4.3\u00b0\/o, Si-upto 1.24%, Mn&lt;1\u00b0\/o, S-0.05% max, P-0.2% max.<\/p>\n<p style=\"text-align: justify;\">According to market sources report to SteeIMint, the tender received participation from about three companies with highest bid (H1) around USD 355\/MT, FOB.<\/p>\n<p style=\"text-align: justify;\">The 2nd highest bid received was around USD 348\/MT followed by the 3rd bid which was further lower by USD 7-8\/MT.<\/p>\n<p style=\"text-align: justify;\">Company&#8217;s last pig iron export tender in July was concluded around USD 312-313\/MT, FoB India.<\/p>\n<p style=\"text-align: justify;\">Thus, the latest tender has managed to receive bids higher by around USD 40\/MT against last month&#8217;s tender.<\/p>\n<p style=\"text-align: justify;\">In the latest update received on the same, market participants are of the view that MMTC may cancel the tender in expectation of higher bids.<\/p>\n<p style=\"text-align: justify;\">Market sources reported that company is eyeing for USD 7-8\/MT higher than the highest bid fetched.<\/p>\n<p style=\"text-align: justify;\">Although company has yet not given any con\ufb01rmation regarding the cancellation of the tender.<\/p>\n<p style=\"text-align: justify;\">Global Pig iron market overview-Amid bullish sentiments prevailing in the market, pig iron export offers in global market continue to remain \ufb01rm.<\/p>\n<p style=\"text-align: justify;\">CIS origin pig iron export offers are assessed at USD 365\/MT, FoB Black Sea. Brazil origin pig iron export offers are at around USD 350-355\/MT, FoB Brazil.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MMTC on behalf of Neelanchal Ispat Nigam Limited (NINL) had floated an export tender for 30,000 MT non alloy grade pig iron which got expired on 16 Aug\u201917. The material shipment is scheduled between 25 Aug-5 Sept&#8217;1 7. The material speci\ufb01cations is as follows: C- 3.6-4.3\u00b0\/o, Si-upto 1.24%, Mn&lt;1\u00b0\/o, S-0.05% max, P-0.2% max. According to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,21],"tags":[48,50,46,62,47],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indian Pig Iron Export Tender - Update - Keyvan Jafari Tehrani<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kjtehrani.com\/en\/indian-pig-iron-export-tender-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian Pig Iron Export Tender - Update - Keyvan Jafari Tehrani\" \/>\n<meta property=\"og:description\" content=\"MMTC on behalf of Neelanchal Ispat Nigam Limited (NINL) had floated an export tender for 30,000 MT non alloy grade pig iron which got expired on 16 Aug\u201917. The material shipment is scheduled between 25 Aug-5 Sept&#8217;1 7. The material speci\ufb01cations is as follows: C- 3.6-4.3\u00b0\/o, Si-upto 1.24%, Mn&lt;1\u00b0\/o, S-0.05% max, P-0.2% max. 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He has been exporting minerals and steel value chain products especially iron ore, concentrate, HBI, steel products to various markets, but mainly to China and ASEAN countries, for about 26 Years. He has 36 years solid experience in the field of mining production &amp; export of commodities. He was a Member of the Board &amp; Head of International Affairs of IROPEX (Iranian Iron Ore Producers &amp; Exporters Association) from 2012 up to 2017. Keyvan has a Bachelor degree in Electronic Engineering, Masters degree in Medical Engineering and MBA and Phd. in Radiology from Iranian Reputable Universities and numerous post-graduation courses in Mining, Steel &amp; Management Fields from Iranian &amp; Foreign Universities. Currently, he is a Professor &amp; Senior Analyst in International Economy and Commodities and has numerous articles published in Iranian &amp; International Websites, News Agencies &amp; Media. 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The material speci\ufb01cations is as follows: C- 3.6-4.3\u00b0\/o, Si-upto 1.24%, Mn&lt;1\u00b0\/o, S-0.05% max, P-0.2% max. 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He has been exporting minerals and steel value chain products especially iron ore, concentrate, HBI, steel products to various markets, but mainly to China and ASEAN countries, for about 26 Years. He has 36 years solid experience in the field of mining production &amp; export of commodities. He was a Member of the Board &amp; Head of International Affairs of IROPEX (Iranian Iron Ore Producers &amp; Exporters Association) from 2012 up to 2017. Keyvan has a Bachelor degree in Electronic Engineering, Masters degree in Medical Engineering and MBA and Phd. in Radiology from Iranian Reputable Universities and numerous post-graduation courses in Mining, Steel &amp; Management Fields from Iranian &amp; Foreign Universities. Currently, he is a Professor &amp; Senior Analyst in International Economy and Commodities and has numerous articles published in Iranian &amp; International Websites, News Agencies &amp; Media. Keyvan had 158th successful attendance as Keynote S., Speaker or panelist in International Overseas Conferences Worldwide during the past Decade.","sameAs":["http:\/\/kjtehrani.com"],"url":"https:\/\/kjtehrani.com\/en\/author\/kjtehrani\/"}]}},"_links":{"self":[{"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/posts\/1379"}],"collection":[{"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/comments?post=1379"}],"version-history":[{"count":1,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/posts\/1379\/revisions"}],"predecessor-version":[{"id":1380,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/posts\/1379\/revisions\/1380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/media\/1258"}],"wp:attachment":[{"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/media?parent=1379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/categories?post=1379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kjtehrani.com\/en\/wp-json\/wp\/v2\/tags?post=1379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}