India: SAIL Floats Export Tender for 18,900 MT Billets

Steel Authority of India - a government of India company has floated an export tender for prime mild steel non-alloy concast billets. The tender quantity is reported to be 18,900 MT. The cargo will be shipped from the Haldia port. The tender put up is for size 125*125mm offered from the IISCO Steel plant.

The material offered is 4 SP /5 SP. It has the following specifications - C%: 0.17-0.23, Mn%: 0.6-0.9, S%: 0.05 Max, P%: 0.05 Max, Si%: 0.10-0.35 OR C%: 0.27-0.33, Mn%: 0.7-1.0, S%: 0.05 Max, P%: 0.05 Max, Si%: 0.15-0.35

The said invitation bid service has been activated by SAIL for entry of data at 15:30:00 HRS [IST] of 10 Apr'20. The last date for bid submission is 15 Apr'20 by 16:00:00 HRS [IST]. And the shipment is scheduled for 15 Jun'20

The global billet offers have remained range-bound this week. Market participants believe that increased global scrap prices will support the global billet market sentiments. CIS billet export price assessment for this week is at USD 335/MT, FoB Black Sea. While for Iran is at USD 330-335/MT, FoB Iran.