India: SAIL seeks 2nd Price Discovey in Ferro Chrome Tender
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Steel Authority of India Ltd. (SAIL) - a Government of India Enterprise, has invited a global tender for purchase of 4,500 MT ferro chrome via second price discovery of its global tender of 40,800 MT Ferro Chrome for its Salem Steel Plant, Tamil Nadu.
SteelMint learn from market sources, the first price discovery for quantity 4,500 MT was concluded two month back and entire quantity was awarded to TATA Steel at the price of around INR 79,000 per MT.
Chemical Specification:
| Parameters | Value |
| Chromium | 60% |
| Carbon | 6-8% |
| Phosphorous | 0.05% |
| Sulphur | 0.04% |
Note: Phosphorous and sulphur together should not exceed 0.085%.
The bidder should offer minimum 1,000 MT per month.
The bidders shall be a manufacturer/Supplier of High Carbon Ferro Carbon.
Tender schedule:
Due date of bid submission is 11 Oct'18 at 15:00 hrs IST and the techno-commercial opening is on same day at 15:30 hrs IST.
For contact details and other information view TENDER SECTION
Indian Ferro Chrome market is bullish on healthy demand and limited production restricted by power-cut issue. Despite a soft demand for the commodity in Chinese spot market, a rise in UG2 Chrome Ore coupled with improved stainless-steel market has lent support to Ferro Chrome prices which are expected to edge up further in near-term.
SteelMint assessed the Ferro Chrome prices at INR 80,000/MT while some producers are quoting higher at INR 82,000/MT as well.
