Steel Authority of India Ltd. – a government of India company has floated two export of 16,200t from its Bhilai Steel plant (Chattisgarh) and 20,000t from IISCO steel plant (West Bengal).
SteelMint assessment for billet export offers from India is at $380-385/t, FoB, identical as last week. A 30,000t billet export tender by an Indian state-owned mill this week failed to get the response and reported to have been canceled. The base price set by the company was around $389/t FOB India east coast, SteelMint learned from market participants.
SAIL’s billet export tender details
| Plant | Product | Size | Grade | Quantity | Bid submission date & time | Bid validity | Shipment schedule |
|---|---|---|---|---|---|---|---|
| IISCO | billet-cc | 150x150mm | 4sp & 5sp | 20,000 | till 18 Jun’20 by 16:00 hrs | up to 22 Jun’20 by 17:00 hrs | by 15 Aug’20 |
| BSP | 105x105mm | IS 2830 C20 | 16,200 | till 19 Jun’20 by 16:00 hrs | up to 23 Jun’20 by 17:00 hrs | by 15 Aug’20 |
Quantity in t
Leave a Reply