India: Imported Gas based DRI (Sponge Iron) offer at USD 250/MT CFR India

Tarang Exports Pvt. Ltd. invites expression of buyers to sell 5,000 MT gas based direct reduced iron (DRI) packed in jumbo bags in containers – 20ft of bulk in vessels.

Origin: UAE

The shipment of the material is scheduled in 2 to 3 weeks after contract.

Price & Payment Terms: USD 250 PMT CFR Nhava Sheva/Mundra valid till 5 May 2017 then after reconfirmation.

Specification:

Total Fe (Fet): 88-92%
Metallization: 91-93%
Carbon (C): 1.5% min
Al2O3: 0.5 max
SiO2: 4 max
Phosphorus: 0.050% max
Sulphur: 0.005% max
Moisture: 3%

Gas based DRI is mainly preferred by quality conscious furnace buyers with low phos and sulphur. Presently it also has competitive price advantage over C-DRI (Sponge Iron) and Scrap prices prevailing in west and south India.

Economic Advantage of Increasing DRI Percentage (Estimate)

 

 

80% DRI+20% scrap

95% DRI + 5% Scrap

 

Change

Tons of DRI in Metallic Charge for procedure 1 ton heat (ton DRI / t.l.s)

0.98

1.17

+0.19

Tons of scrap in Metallic charge for Procedure 1 ton heat (ton scrap/t.l.s)

0.22

0.05

-0.17

Energy (kwh/tls

581

600

+19

Cost effect for Electric Energy for 1 Heat (190 ton Liquid Steel)

Lower

Higher

Up

Cost effect of Metallic Charge for 1 Heat (190 ton Liquid Steel)

Higher

Lower

Down

Sum of Cost Effect for 1 Heat (Electric Energy + Metallic Charge)

Higher

Lower

Down

-Melting Energy of DRI = 500 Kwh/ton DRI and meltimg Energy of Scrap = 450 kwh/t Scrap

For contact details view tender section : http://www.steelmint.com/tender/sale-of-direct-reduced-iron-7520


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