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Tuesday, July 3, 2018 - 2:12:15 PM
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Mining News - Steel Authority of India - a government of India company had floated export tenders for 10,800 MT billet from its Durgapur Steel plant. The tender put up for Prime Mild Steel Non-Alloy Concast billets (125*125mm) offered from Durgapur Steel plant has following specifications - C-0.17-0.23%, Mn-0.6-0.9%, S-0.05% max, P-0.05% max and Si - 0.15-0.35%.
Due date for bid submission was on 26 Jun’18 for which the material shipping was scheduled by 30 Jul`18.
Yesterday SteelMint reported that according to trade sources report, the company received bids at USD 510-515/MT, FoB. However as per the latest update received today from market sources, company is still negotiating with the bidders. The outcome of the tender is expected to be clear by next week.
Global billet export offers weaken - Billet export offers from CIS nations have come down this week to USD 510-515/MT, FoB Black Sea less by USD 5/MT against previous weak. Limited trades have kept the market quiet.
Short Link:
https://www.miningnews.ir/En/News/206904
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