India: Rail Wheel Factory Purchase of 200 MT Graphite Electrode

Rail Wheel Factory is situated in Bangalore, Karnataka, India. It is a state-of-the-art plant, meeting bulk of the requirement of wheels, axles and wheel sets for the Indian Railways has invited tender for purchase of 200 MT Graphite Electrode.

The offer to be kept valid for 90 days and Supply shall commence from oct-2019 @ 40 MT per month and, Completion within 12 Months thereafter.

Due Date: Interested bidders can submit their bids till 26 Jul'19 at 14:15 hrs.
There are two more tenders this month of 36 MT and 15 MT of Indian Ordnance Factories and Mishra Dhatu Nigam Limited respectively.

Market overview: Indian GE prices are plunging over the past few months impacted by falling Chinese electrodes prices and tepid steel demand. The prices have registered a fall of about 35-60% in the time span of seven months in the ongoing year of 2019. After the removal of anti-dumping duty on Chinese GE in August last year, its imports (especially that of smaller size electrodes) have increased by 32% y-o-y basis during Jan-Apr'19. Domestic GE manufacturers who used to have only 10-12 days' inventory are currently sitting on a stock of about 1-2 months as steel mills are delaying procurement in the hope of a further fall in prices. With the plunging prices and slack in demand, GE manufacturers are also dealing with the pressure of rising raw materials, aka needle coke (NC) costs.

Will the global GE prices bounce back and can Indian exporters hope for better days ahead? To keep track of the subtle changes in the global GE market make sure you attend the 2nd Global Graphite Electrode Conference to be organized by SteelMint Events from 27-29 August 2019 in Thailand

For contact and other details CLICK HERE