Steel Authority of India – a government of India company had floated export tender for 8,100 MT concast rectangular bloom from its Durgapur Steel plant. The tender put up for Prime Mild Steel Non-Alloy Concast blooms (160*210/230mm) offered from Durgapur Steel plant has following specifications – C-0.09-0.15%, Mn-0.25-0.6%, S-0.05% max, P-0.05% max and Si – 0.15-0.30%.
The cargo will be shipped from Haldia port. The material shipping was scheduled on 31 Mar’18. The due date for bid submission was 16:00 hrs as per IST 16 Feb’18.
1. Domestic billet (125*125mm) prices in India are observed at INR 34,900-35,100/MT (ex-Mumbai).
2. Indian billet exporters remained less active amid increased realizations in domestic market.
3. Last week billet export offers from CIS nations moved up by USD 10/MT W-o-W amid recent trades concluded with Turkish mills. Last offers assessed at USD 505-510/MT, FoB Black Sea.
4. Iran billet export offers move up last week. SteelMint’s assessment stands at around USD 490-495/MT, FoB Iran. Iran’s KSC has floated billet export tender for 30,000 MT for mid/end April shipment. The due date for bid submission is expiring today i.e. 19 Feb’18 till 18:00 hrs
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