Metals & Minerals Trading Corporation (MMTC) has invited interested domestic buyers for purchase of 11,000 MT Concast MS Billets conforming to IS:2830:2012 manufactured by NINL.
Earlier on 03 Mar’15, the company had offered about 21,648 MT Concast Billets at INR 25,500-25,700/MT (ex-cuttack). Now the company has further corrected prices by INR 500/MT and is offering at INR 25,000-25,200/MT(ex-cuttack).
Material Specification
- Grade: IS:2830:2012
- C: 0.17-0.23%
- Mn: 0.60-1.00%
- Carbon Equivalent: 0.42% max
- Sulphur & Phosphorous: 0.050% max each
Billet Quantity for sale
| Lots | Dimension (mm) | Size (in meter) |
Quantity for Sale (MT) |
| A | 100×100 | 9-12 | 1 Rake (2,750 MT) |
| B | 100×100 | 6 | 1 Rake (2,750 MT) |
| C | 100×100 | 6 | 2 Rake (5,500 MT) |
Delivery & Dispatch: The delivery shall be done on ex-NINL plant basis and dispatch of the material shall be done through road or rake (1 Rake= approx 2,750 MT). In case of dispatch through rail, freight should be paid in advance.
Loading: Loading of the material into railway wagons shall be arranged by NINL.
Last date of bid submission will be on 07 Apr’15 at 16.00 hrs and technical bids will open on the same day at 16.30 hrs. Also, price bids will open on 08 Apr’15 at 12.00 hrs.
Note: The company had earlier floated a tender for sale of 11,000 MT Concast Billets with scheduled technical bids closed on 12 Jan’15.
Billet Prices as on 16 Mar’15
|
Markets |
Price | W-o-W |
M-o-M |
| Mandi Gobindgarh | 30,300 | -1,000 | +400 |
| Rourkela | 26,100 | -700 | +300 |
| Durgapur | 27,700 | -500 | +1,100 |
| Raipur | 26,500 | -1,250 | +250 |
| Mumbai | 28,100 | -600 | -1,100 |
| Kandla | 27,800 | -1,100 | -400 |
| Chennai | 28,400 | -600 | -100 |
Prices are in INR/MT and on ex-work basis
Source: SteelMint Research
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