India: SAIL Invites Export Tender for Concast Blooms

Steel Authority of India - a government of India company has floated export tender for prime mild steel non-alloy concast blooms . The tender quantity is reported to be 10,800-13,500 MT. The cargo will be shipped from Haldia port. The tender was put up for Prime Mild Steel Non-Alloy Concast bloom, size 160*210/230*8000/9000/10000/11000 mm offered from Durgapur Steel plant

The material has following specifications - C%: 0.09-0.15, Mn%: 0.25-0.60, S%: 0.05 Max, P%: 0.05 Max, Si%: 0.15-0.30

The said invitation bid service has been activated by SAIL for entry of data at 11:30:00HRS [IST] of 14 Jun'19. The last date for bid submission is 19 Jun'19 by 16:00:00HRS [IST].

Last week was the consecutive week, in which Turkey's scrap import prices fell down by USD 8-10/MT and global billet market witnessed yet another dull week. Although it was not surprising for the marketers, the market acted exactly in line with the expected resonance. Veritably, the dullness intensity of the global billet market escalated last week, even the Eid festivity could not brought boon to the market.

The billet export offers last week from CIS were reported at USD 425-430/MT, FoB Black Sea. The sentiments were reported stable in the region.

India's Vizag Steel concluded 20,000 MT billet (150*150mm) export tender last week at around USD 435/MT, FoB India.