Department of Mines and Geology (Govt. of Karnataka) has floated the tender for auctioning of 4 iron ore blocks in Karnataka for its 4th phase.
Interested and eligible bidders can participate in bidding only after purchasing of tender document on payment of INR 500,000 plus taxes per tender document .
- Last date of sale of tender document – 03 Jun’19
- Bid due date (Technical + Initial Price offer ) – 12 Jun’19
- Opening of Technical Bids – 13 Jun’19
- Announcement of Technically Qualified Bidders – 20 Jun’19
- Opening of Initial Price offers of Technically Qualified bidders – 24 Jun’19
- Announcement of Preferred Bidder – 01 Jul’19
Prior to this, Department of Mines and Geology (Govt. of Karnataka) had floated the tender to grant 08 different Iron ore blocks in Karnataka belonging to category “C” mines
NMDC- India's largest iron ore producer registered iron ore sales at 1.91 MnT for the month of Sep’19, up 28% as compared to 1.49 MnT in Aug'19. Sales from Chhattisgarh mines witnessed at 1.34 MnT (up 28% M-o-M) and sales from Karnataka mines at 0.57 MnT, up 30% on monthly basis.
One of India's largest steel producer - Vizag Steel, state owned steel maker under the Ministry of Steel, had invited a tender for export of 8,127 Billets, 8,127 MT Wire Rod and 5,418 MT Bloom to Nepal on 17th Sep'19.
This week Indian HR plate prices continued to show downtrend over pessimistic sentiments amid dwindling demand hovering in domestic market. Buyers resist their purchasing activities over continuous fall in domestic steel prices.
Indian Ferro Chrome Prices have been under pressure for a long duration, however, despite low demand and thin trading activity, the prices skyrocketed in the domestic market in line with increased Chrome Ore Prices in the recent auctions. Meanwhile, most of the producers are out of material to supply and thus, the supply situation for both the raw material and Ferro Chrome are tight.
Indian iron ore export shipments in Sep’19 was recorded at 1.14 MnT, down 48% as against 2.20 MnT in Aug’19. On yearly basis, exports increased significantly compared to 0.12 MnT in Sep’18.
A Hebei steel mill in north China has signed an initial agreement to buy Indian pellet indexed to Argus assessments.