Indian govt. owned steel mill – Steel Authority of India Limited (SAIL) has recently floated tender for export of 16,200 MT Prime mild steel non-alloy hot rolled coils from its Bokaro Steel plant. HRC offered has thickness of 2.6-12 mm and grade JIS G3101 SS400. The material shipping is scheduled by 30 Sept’18.
Bidders need to quote rates on FoB Haldia basis. However bids will not be accepted for US, Canada and Thailand. The bidders need to submit bids by 17:00 hrs IST on 11 Jul’18 and the offer validity is till 17:00 hrs IST on 13 Jul’18.
For more details – click here
Indian mills book significant volumes for export – Indian mills have booked over 150,000 MT HRC for export to SE Asian nations as well as Middle East countries. Dull domestic demand and currency depreciation resulted in increased HRC exports from India. Earlier this week, SteelMint reported JSW Steel has recently concluded a deal for about 20,000 MT HRC with Vietnam based mill for August shipment. The deal price is in range of USD 613-615/MT CFR Vietnam.
Few Indian mills are also heard offering HRC (SAE 1006) to Vietnam at around USD 610/MT, CFR. However offers from major Chinese mills are assessed at USD 600-607/MT, CFR Vietnam.
Leave a Reply