SAIL has invited a tender from indigenous manufacturers for tentative purchase of 68,700 MT silico manganese for its different plants.
Steel Authority of India Limited (SAIL) is the India’s largest steelmaker and produces a variety of steel and iron products, had invited a tender for purchase of total 68,700 MT (tentative quantity) silico manganese in three cycles of 2 months each. This requirement is for first cycle procurement of quantity 22,900 MT for its different plants/units.
Tentative quantity of silico manganese
| Market | SAIL’s Plant | Size (mm) | Packing | Quantity for 6 months period (MT) |
Quantity for 2 months (1st Cycle) period (MT) |
| Market 1 | Bhilai Steel Plant (BSP) |
10-50 | 1 MT HDPE Jumbo Bag |
22,900 | 7,633 |
| Bokaro Steel Plant (BSL) |
40-100 | Loose | 8,000 | 2,667 | |
| Durgapur Steel Plant (DSP) |
25-50 | Loose | 17,500 | 5,833 | |
| IISCO Steel Plant (ISP) |
1 MT HDPE Jumbo Bag |
20,000 | 6,667 | ||
| Alloy Steel Plant (ASP) |
10-30 | 1 MT HDPE Jumbo Bag |
300 | 100 | |
| Total | 68,700 | 22,900 | |||
Chemical specifications
Manganese: 60.0% min, Silicon: 15.0% min, Carbon: 2.0% max, Phosphorous: 0.35% max and Sulphur: 0.03% max
Tender schedule (IST)
Due date for bid submission is 2 Mar’17 and the techno-commercial opening is on 3 Mar’17 at 11:00 hrs.
Domestic Silico Manganese market updates
Indian Silico Manganese has been witnessing fall in its prices as demand fails to pick up and buyers are retreating due to diminishing steel margins.
Output overcapacity in India and the demand-supply mismatch are major reasons behind Indian Silico Manganese prices being under pressure. There is a bearish sentiment in the market.
Current Prices 57K (Ex-DGP) and 56K (Ex-RPR).
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