India: SAIL cancels HRC export tender on the bid-offer disparity

Steel Authority of India (SAIL), govt-owned steel mill was unable to conclude HRC (S235JR/SS400) export tender of around 13,500-14,000 t for end-July shipments on higher expectations than bids received. The bids fetched were as high as $860/t FoB Paradip port basis. The due date for the tender was on 3rd May ’21, SteelMint learned from credible sources.


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