India: Vizag Steel Concludes 30,000 MT Bloom Export Tender
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Vizag Steel - a government of India owned mill had floated bloom export tenders of size; 200*200 mm and 150*150 mm and quantity 20,000 MT and 30,000 MT respectively.
According to market sources report to SteelMint, the company has concluded the tender for size 150*150mm; 30,000 MT quantity recently. As per sources, the tender has been concluded at around USD 370-375/MT, FoB India. The material shipment is to be made by 25 Nov'19 for IS 2830 C20MMn Gr A and 30 Nov'19 for IS 2830 Gr A.
The bloom deal concluded had following specifications
| Grades | C | Mn | Si | P | S |
| IS 2830 C20 MMn Gr A | 0.17 - 0.23 | 0.60 - 1.00 | 0.40 Max | 0.050 Max | 0.050 Max |
| IS 2830 Gr A | 0.12 - 0.23 | 0.30 - 1.50 | 0.40 Max | 0.045 Max | 0.045 Max |
Towards mid of Oct'19, the company concluded 40,000 MT bloom (IS 2830 grade) export tender. The material offered has specifications - C-0.12-0.23%, Mn - 0.3-1.5%, Si- 0.4% max, P-0.045% max & S-0.045% max. The deal value was reported to be USD 370-372/MT, FoB. The tender was concluded in two lots 20,000 MT each.
Global billet prices have found support on hike in global scrap prices. Turkey scrap prices have moved up in recent deals from US on supply tightness. HMS (80:20) from US is assessed at USD 260/MT, CFR up by USD 7/MT, W-o-W.
