SAIL, one of the major steel producers in India, floated a tender of purchase of 37,100 MT silico manganese for its various plants from indigenous manufacturers. The requirement of material is for a period of four months, starting June’15-Sept’15. The techno-commercial bid revealed that 11 plants had participated in the tender, namely, Hira Ferro Alloys Ltd., Vandana Global Ltd., Prakash Industries Ltd., Sarda Energy & Minerals Ltd., Maithan Alloys Ltd., Nilkant Ferro Alloys Ltd., Sarda Metals & Alloys Ltd., Shyam Ferro Alloys Ltd., Castron Technologies Ltd., Shree Bholey Alloys Pvt. Ltd., and Cosmic Ferro Alloys Ltd.
The online reverse auction tender process has been completed and following are the L-1 (Lowest) price for SAIL’s various plants:
|
Plants Covered |
Qty (in MT) |
Price in INR/MT |
| Bhilai Steel Plant (BSP) |
9,300 |
50,726 |
| Durgapur Steel Plant, Durgapur (DSP) |
13,800 |
48,506 |
| Rourkela Steel Plant (RSP) |
4,300 |
50,997 |
| Bokaro Steel Limited, Bokaro (BSL) |
2,500 |
Data Not Available |
| IISCO Steel Plant, Burnpur (ISP) |
7,200 |
Data Not Available |
Source: SteelMint Research
L-1 price is inclusive of excise duty, VAT, entry tax, inland trade and freight.
Domestic SiMn Prices
The silico manganese market remained weak on low end-user demand. Silico manganese prices for grade 60/14 are around INR 46,000/MT (Ex-Raipur) and INR 47,000/MT (Ex-Durgapur).
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