Steel Authority of India – a government of India Company has invited ocean export tender for billets. The tender quantity is reported to be 16,200 MT. The cargo will be shipped from Haldia port and shipping is scheduled by 31 Aug’19. The tender is put up for Prime Mild Steel Non-Alloy Concast billets, size 125*125 mm offered from Durgapur Steel plant and has following specifications – C%:0.27-0.32, Mn:0.70-.90, S: 0.05 Max P: 0.05 Max Si: 0.10-0.35
The said invitation bid service has been activated by SAIL for entry of data at 15:30:00HRS [IST] of 10 Jul’19. The last date for bid submission is 15 Jul’19 by 17:00:00HRS [IST].
Rashtriya Ispat Nigam Limited (RINL)- the state-owned steel maker under the Ministry of Steel, had floated an ocean billet export tender on 27 Jun’19 of quantity 50,000 MT. for sizes; 65*65, 77*77, 90*90 and 150*150 mm. The last date for bid submission was 02 Jul’19 till 15:00 hrs and the material delivery is scheduled by 10 Aug’19. According to market sources report to SteelMint, the company has concluded 150*150mm billet at around USD 425/MT, FoB India.
The global billet trade sentiments remained dull this week, as Turkish imported scrap prices have moved down. SteelMint’s assessment of US origin HMS 1&2 (80:20) scrap has moved down to USD 293-294/MT, CFR Turkey, down USD 6-7/MT against the last week report.
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