SAIL tenders for purchase of 37,100 MT Silico Manganese

BSP, a central procurement unit of SAIL, has invited bids for a tentative purchase of 37,100 MT Silico Manganese from indigenous sources for its various plants.

SAIL, one of the major Steel producers in India, intends to procure a tentative quantity of 37,100 MT Silico manganese for its various plants from indigenous manufacturers. The requirement of material is for a period of four months, starting Jun’15-Sep’15. For RSP, the material should be supplied within Jun’15 itself.

Tender applicants should be Silico manganese or Ferro manganese manufacturers and must posses a plant with installed capacity of 24,000 MT pa. Also, the minimum quantity to be quoted by the tender applicants should not be less than 10,000 MT. It is mandatory to quote a minimum 10% of the tendered plant-wise & size-wise quantity.

The total quantity to be purchased is 37,100 MT, which will meet the requirement of following plants and shall be covered under two markets for the mentioned four months.

Tentative Quantity to be Purchased Plantwise

Source: SteelMint Research

The material should contain minimum 60% Manganese. Materials shall be dispatched through roadways and transportation shall be arranged by the bidder including freight charges on door delivery basis. Last date of submission of offers will be on 13 May’15 at 13.00 hrs and technical bids will open on 14 May’15 at 10.30 hrs.

Note: SAIL has issued another tender for purchase of 4,000 MT medium carbon Silico manganese for its Salem Steel Plant with scheduled bids to open on 15 May’15.

Domestic Silico Manganese Prices

On better trading, the domestic Silico Manganese is steady. Market participants are waiting to get Silico manganese market some kind of direction as they believe that it can remain at same levels for the next month.

Source: SteelMint Data