Steel Authority of India – a government of India company had invited an export tender for prime mild steel non-alloy concast billets from Bhilai Steel Plant, for size 105*105mm and 16,000 MT. The tender due date was 23 Dec’19.
According to sources reported to SteelMint, the company has concluded the tender at around USD 425/MT, FoB. The cargo will be shipped from Vizag port and the shipment is scheduled by 7 Feb’20.
The material has following specifications – C%: 0.17-0.23, Mn%: 0.60-1.0, P & S: 0.04% Max, S+P%: 0.075 Max.
With rising demand and improved market sentiments; supported by elevating Turkey’s imported scrap prices, billet export offers from all the major billet exporting nations have gone up last week. However this week trades have slowed down ahead New Year Holidays with few major suppliers remaining out of market.
The billet export assessment from CIS nations stands at USD 410/MT, FoB, Black Sea.
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