Steel Authority of India (SAIL), state owned and India’s one of the largest steel maker has fetched higher bids for its recent bloom export tender (150*150mm) according to market participants.
SAIL had floated a tender of 15,000-17,000 MT bloom, which expired on 5th August 2016 on FOB Haldia basis. According to sources, there were 2-3 participants and bids were in the range of USD 310-315/MT FOB Haldia port. This is equivalent to USD 315-320/MT FOB Vizag port.
Last tender by Vizag steel, another state owned steel maker had been concluded at USD 305/MT FOB Vizag Port in last week of July 2016. Vizag’s cargo will be shipped to Bangladesh.
Chinese Billet Offers Rise
Recently, Chinese billet export offers rose by USD 10-15/MT on account of rising billet prices in domestic market and limited supply.Current offers for Q235 150*150mm is around USD 315-320/MT FOB China.
Global billet prices (in USD/
| Particular | Grade | Delivery | Price | ||
| India Export | 150 X150 mm | FoB India | 315-320 | ||
| Ukraine Export | 125X125 mm, 3sp | FoB Ukraine | 320 | ||
| Turkey Import | 125X125 mm | CNF Turkey | 335-340 | ||
| China Export | 150X150 mm,Q235 | FoB China | 315-320 | ||
| Bangladesh Import | 150X150 mm | CNF Bangladesh | 330-335 |
Prices in USD/MT
Source: SteelMint
Updated on 5th Aug 2016
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