SAIL Issues Purchase Tender for 74,550 MT HC Ferro Manganese
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SAIL has invited a open tender for tentative purchase of 74,550 MT HC ferro manganese from indigenous source for its different plants/units.
Steel Authority of India Limited (SAIL) is the India's largest steelmaker and produces a variety of steel and iron products including Pig iron, flat and long products and special steels at its plants spread over India. The company will require annual quantity of about 74,550 MT HC ferro manganese from indigenous source for its different plants/units.
SAIL intends to procure a tentative quantity of 24,880 MT of High Carbon Ferro Manganese to be supplied in four months Nov'17-Feb'18.
Technical specification along with the quantity required in different plants of SAIL :
| Market | SAIL Plants | Size (mm) | Packing | Tentative Quantity (MT) for period Nov'17-Oct'18 | Tentative Req. (MT) for period Nov'17-Feb'18 |
| Market 1 | BSP, Bhilai | 25-50 | 1T Jumbo Bag | 47,000 | 15,700 |
| Total Market 1 | 47,000 | 15,700 | |||
| Market 2 | DSP, Durgapur | 25-50 | Loose | 2,000 | 700 |
| ISP, Burnpur | 25-50 | 1T Jumbo Bag | 3,700 | 1,300 | |
| ASP, Durgapur | 10-30 | 1T Jumbo Bag | 550 | 80 | |
| Total Market 2 | 6,250 | 2,080 | |||
| Market 3 | BSL, Bokaro | 25-100 | Loose | 10,800 | 3,600 |
| BSL, Bokaro | 25-50 | Loose | 6,000 | 2,000 | |
| Total Market 3 | 16,800 | 5,600 | |||
| Market 4 | SSP, Salem | 25-50 | 1T Jumbo Bag | 4,500 | 1,500 |
| Total Market 4 | 4,500 | 1,500 | |||
| Grand Total | 74,550 | 24,880 | |||
Chemical specifications:
The material should contain Manganese 70.0% min, Carbon 7.5% max, Silicon 1.5% max, Phosphorous 0.43% max and Sulphur 0.05% max.
Indian Ferro Manganese Prices Holds Firm Amid Low But Constant Demand:
Ferro Manganese offers in India maintain stability at INR 72,500/MT (Ex-Durgapur) and (Ex-Raipur). There is little scope of price correction as Manganese Ore prices remain firm. India relies heavily on imported Manganese Ore to produce Ferro Manganese - as producing it requires high grade Manganese Ore. The Chinese alloy and steel market is on a downtrend and in such a scenario, it is the higher grade which is preferred over low and medium grade Ore. Thus, a firm imported high grade Manganese Ore market will leave little scope for a price correction in Ferro Manganese, despite the moderate demand.
Tender schedule:
Due date of submission is 7-Nov'17 at 12:00 hrs IST and the techno-commercial opening is on same day at 15:30 hrs IST.
For contact details view tender section:
http://www.steelmint.com/tender/purchase-of-ferro-manganese-8556
