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:

   
   
   
 

Tata Steel aiming for 30mn t/yr capacity by 2025

Indian private-sector firm Tata Steel is aiming to expand its crude steel capacity to 30mn t/yr by 2025, from around 20mn t/yr currently.
 

Iran Willing to Invest in India Refinery

Iran is willing and ready to invest in the development of Nagapattinam refinery in Southern Tamil Nadu state, a senior Iranian diplomat said in New Delhi on Wednesday.
 

Indian Imported Scrap Market Standstill; Offers Rangebound

SteelMint learned from industry participants that Indian market has remained less viable for scrap imports for yet another week. Offer levels remained rangebound in very limited trades reported so far.
 

India: Entire Quantity Booked in OMC's Koira Sub-grade Iron Ore Fines Auction

SteelMint has learned from the market sources that Odisha’s state-owned miner- Odisha Mining Corporation (OMC) had scheduled an auction for sub-grade iron ore (Fe 56%) fines yesterday (i.e. on 18th Jul'19).
 

India: Arrival of Monsoon Hits Domestic PPGI Prices

SteelMint in conversation with trade participants shared that domestic PPGI prices witnessed further correction by upto INR 750/MT this week as arrival of monsoon season lead to bearish market sentiments and slowdown of trade activities in domestic market.
 

Indian Rebar Trade Prices Fall on Weak Demand

Rebar demand in Indian domestic market continues to slow down amid less buying inquires across major markets and poor lifting. This urged industrialists to adjust the price range as per market requirement and offers have reduced by INR 400-600/MT (USD 6-9) in a week's duration.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners