IRON and STEEL
Rashtriya Ispat Nigam Limited (RINL)- the state-owned steel maker under the Ministry of Steel, has invited tender for export of 5,418 MT Wire rods,13,545 MT Billets and 5,418 MT Blooms to Nepal.
As per the delivery schedule, the last date of the delivery period shall be 15 July’19. The offer given by the bidder will remain valid till 18 June’19.
Due Date: The Interested bidders can submit their bids till 11 June’19 at 15:00 hrs.
For contact details and other information view TENDER SECTION
Market Overview: Prior to this, the company had floated export tender for 10,836 MT Billets and 2,709 MT Bloom which was due on 13 May’19. According to market sources report to SteelMint, the tender was canceled amid dull participation.
Godawari Power and Ispat Limited (GPIL) - one of the largest steel producers based in central India has released its operational results for the first quarter of FY’20 ending Jun'19.
In the beginning of this week imported HRC offers to Vietnam reported decline as buyers are expecting further downside in prices over volatility in Chinese prices and lower export offers from India amid weakening domestic prices.
Sarda Energy and Mineral Limited - one of the integrated steel producer based in central India has released its operational results for the first quarter of FY’20 ending Jun'19.
Induction furnaces based in Jindal's industrial park in Punjipatra, Raigarh (Central India) has reported 12 hrs (50%) power cut by Jindal power ltd (JPL) since yesterday.
Indian steel prices rallied today following rumours in the market saying that Indian government has imposed safeguard duty on temporary basis by 20-25% on imported flat steel. However no official confirmation or official circular was received till the time of publication this report.
Australia - world's largest iron ore exporter has recorded fall in iron ore shipment in July’19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 71.03 MnT in July'19, down 7% as compared to 76.31 MnT in June’19.