NEWS
IRON and STEEL  

India: Vizag Steel Concludes 20,000 MT Billet Export Tender

Rashtriya Ispat Nigam Limited (RINL)- the state-owned steel maker under the Ministry of Steel, had floated an ocean billet export tender on 27 Jun’19 of quantity 50,000 MT. for sizes; 65*65, 77*77, 90*90 and 150*150 mm.

The last date for bid submission was 02 Jul’19 till 15:00 hrs and the material delivery is scheduled by 10 Aug'19.

According to market sources report to SteelMint, the company has concluded 150*150mm billet at around USD 425/MT, FoB India.

However, the company cancelled the tender for sizes; 65*65, 77*77 and 90*90, reason being the limited participation.

Prior to this, the company had floated tender for 50,000 MT billet & bloom which was due on 11 Jun’19. As per sources, the tender for 20,000 MT 150 x 150 ( IS 2830 Gr A C20 MMn & IS 2830 Gr A) was concluded at around USD 435/MT, FoB India.

News No: 5082
Date: 2019/07/09 - 15:09
News Source: SteelMint

India  Vizag Steel  Billet Export  RINL  FoB 

Comments:

Leave a Comment:

   
   
   
 

India steel: Coated prices flat on slow buying

India's coated steel prices remained flat this week, as demand stayed slow after the festive season ended in October.
 

Indian PE growth on hold: Gail

India's polyethylene (PE) demand is expected to remain at around 8pc until 2021, before being spurred on by economic and infrastructural growth, according to state-controlled gas distributor and petrochemical producer Gail.
 

India's JSW Steel forecasts stable demand growth

India's steel demand growth will remain stable in the October 2019-March 2020 period at around 5pc, forecasts domestic private-sector producer JSW Steel, amid reviving sales for the construction, solar appliances and pipe sectors.
 

Indian coking coal imports contract through state ports

Indian coking coal imports moving through 12 key state-controlled ports during April-October have contracted amid weakness in the steel sector.
 

India: Karnataka Iron Ore E-auction Sales Rebound in Oct'19

Karnataka iron ore e-auction sales volume has rebounded for the month and registered an increase of 48% in Oct’19. Total iron ore allotted quantity was recorded at 2.82 MnT in Oct’19 compared to 1.91 MnT in Sept’19. This month sales stood the second-highest in this fiscal year after April’19 sales at 2.9 MnT.
 

Indian Finish Long Steel Export Increases 48% in Q2 FY’20

Indian Finish long steel exports surged by 47.7% Q-o-Q in Q2 FY’20, as per the customs data maintained with SteelMint. Finish long steel export was recorded at 309,641 MT in Q2 FY’20 against 209,612 MT in Q1 FY’20.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners