India: SAIL Floats 10,800 MT Billet Export Tender

Steel Authority of India - a government of India company has floated export tenders for 10,800 MT billet from its Durgapur Steel plant. The cargo will be shipped from Haldia port.

The tender put up for Prime Mild Steel Non-Alloy Concast billets (125*125mm, 4 SP) offered from Durgapur Steel plant has following specifications - C-0.17-0.23%, Mn-0.6-0.9%, S-0.05% max, P-0.05% max and Si - 0.15-0.35%. The length of the billets is 9-12 metres.

The material shipping is scheduled within 31 Mar'18. Due date for bid submission is 16:00 hrs as per IST 16 Apr'18. Bids shall remain valid till 18 Apr'18.

Last month the company concluded the export tender for 13,500 MT billet from its Durgapur Steel Plant at around USD 540-545/MT, FoB Haldia port.

Recent billet export deals concluded by Indian Steel Mills

Last week, Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel concluded tender for export of 20,000 MT blooms. 10,000 MT bloom offered was of grade IS 2830 GR A C20 MMn having size 150*150mm. And remaining 10,000 bloom offered was of size 200*200mm having same grade. The tender for 150*150mm bloom was concluded at USD 505/MT, FoB India and 200*200mm at around USD 495/MT, FoB.

Global billet export offers move down

1. Billet export offers from CIS nations have weakened by USD 5-10/MT W-o-W and is assessed at USD 510-515/MT, FoB Black Sea. Offers have come down amid fall in steel prices in Turkey amid weakening scrap prices.

2. SE Asian billet import prices have moved down slightly this week to USD 530-540/MT, CFR amid competitive offers from China.

3. Chinese billet export offers are heard around USD 515/MT, FoB.

4. After holidays, domestic spot billet(150*150mm, Q235) prices in China have increased slightly and is assessed at RMB 3,540/MT (including 17% VAT) against week opening of RMB 3,480/MT (including 17% VAT).