BSP, as a central procurement unit of SAIL, has invited bid for a tentative purchase of 20,440 MT HC ferro manganese from indigenous manufacturers for its various plants.
SAIL, one of the major steel producers in India, consumes approximately 80,000 MT HC ferro manganese annually. In its latest tender, the company intends to procure a tentative quantity of 20,440 MT HC ferro manganese from indigenous manufacturers for a period of four months, starting from Sept’15-Dec’15.
The total quantity to be purchased is 20,440 MT, which will meet the requirement of the following plants and shall be covered under two markets for the duration of 4 months.
| Market | SAIL Units | Size (mm) | Tentative Qty (in MT) |
| Market-1 | Bhilai Steel Plant, Bhilai (BSP) | 25-50 mm | 14,000 |
| Market-2 | Bokaro Steel Limited, Bokaro (BSL) | 25-50 mm | 1,000 |
| Durgapur Steel Plant, Durgapur (DSP) | 400 | ||
| IISCO Steel Plant, Burnpur (ISP) | 440 | ||
| Bokaro Steel Limited, Bokaro (BSL) | 25-100 mm | 4,500 | |
| Alloy Steel Plant, Durgapur (ASP) | 10-30 mm | 100 | |
| Total Tendered quantity of Market-1 & 2 | 20,440 | ||
The material should contain minimum 70% manganese and should be dispatched through roadways. Transportation shall be arranged by the bidder including freight charges on door delivery basis.
Last date for submission of offers will be on 15 Sept’15 at 13.00 hrs and technical bids will be opened on 16 Sept’15 after 10.30 hrs.
Indian Market
Demand for HC ferro manganese remains weak, and prices are being weighed down as a result. Indian producers said that the domestic market has seen a slight uptick in demand but still there is an air of bearishness. The ferro manganese market has lost ground owing to lower offers and absence of buying interest.
SteelMint assessed the current price for 70% min grade is around INR 46,000-46,500/MT (ex-Raipur) and INR 47,500/MT (ex-Durgapur). However, deals were also concluded at even lower prices for bulk quantities and favourable payment terms.
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