Steel Authority of India Ltd (SAIL), India’s state owned and largest steel producer, has offered another lot of 15,000 MT billet after concluding two recent deal in Nov’15 from IISCO plant (Bengal). The offer is to expire on 15 Dec’15.
The company has recently sold two lots of 15,000 MT billet each of size 150*150 mm. Both the deal were settled for Bangladesh at around USD 258/MT and USD 261/MT, FoB Haldia Port.
Indian export tender updates
Vizag Steel has closed 60,000 MT bloom export deal at USD 267/MT, FoB Vizag Port (Mn content 0.60-1.00%), which it had offered on 26 Nov’15. However, base grade was kept at USD 262/MT, FoB (Mn content 0.30-1.50%).
Global offers
Billet offers from China fell further to USD 235-240/MT, FoB owing to poor demand in global market. Current Chinese billet offers to Bangladesh fell to USD 255-260/MT, CFR.
Leave a Reply