MMTC, a leading international trading company in India and one of the major global players in minerals trade, has issued a tender for export of 11,000 MT low silica chrome concentrate for interested overseas buyers.
The origin of the material is Tata Steel, India and the shipment period of the material is Nov’18.
Bidders needs to quote prices in USD/DMT FoBT Paradip port India (in bulk). The bidders shall keep their bids valid for a period of 10 days from the date of tender closing.
Interested parties can submit their bids till 16 Oct’18.
As per the recent press release, Tata Steel has launched its best-in-class Tata Tiscon SD (Super Ductile) rebar in the southern markets and the new rebar will replace the current product, Tiscon 500D.
According to reports, UK headquartered Arcelor Mittal is planning to build up a new integrated steel facility of capacity 3-6 MnT at Paradip port in Odisha. Only recently Arcelor Mittal has received approval from the Essar Steel’s lenders to take over the company with its resolution plan of INR 42,0000 crore.
In an analyst meet held recently, Indian steel major, Tata Steel has divulged its targets for the next five years. The steelmaker is planning to raise its production capacity in India from existing 13 MnT to 30 MnT per annum by 2025 via both expansions and acquisitions route.
6-ASEAN are likely to remain net steel importers despite fastest growth in demand due to the presence of environmental pressure which is making capacity additions quite difficult, said delegates present in annual general assembly of WSA (World Steel Association).
Tata Steel has decided to rechristen its recently acquired asset, Bhushan Steel as ‘Tata Steel BSL Limited’. This name change is part of the post-acquisition integration exercise to merge Bhushan Steel with its new parent. Tata Steel had formed a special team to oversee the integration.
India’s steel major, Tata Steel today announced its decision to acquire of Usha Martin’s steel business for INR 4,300 – 4,700 crore and as per the latest market reports the deal is expected to be completed in 6-9 months.