India: SAIL Floats 18,900 MT Billet Export Tender
Steel Authority of India - a government of India Company has invited an ocean export tender for billets from its Durgapur Steel plant. The tender quantity is reported to be 18,900 MT billets (Prime Mild steel and non alloy concast) with size 125*125 mm having specifications; C-0.27-0.32%, Mn-0.70-0.90%, S-0.05% max, P-0.05% max and Si - 0.15-0.35% .
The cargo will be shipped from Haldia port. The last date for bid submission is 31 May’19 by 16:00:00HRS [IST] and material shipment schedule is by 31 Jul’19
Global Billet market overview: Last week, Turkey’s increased scrap import prices are driving the trade sentiments across the globe. Also, US tariff cuts on steel imports from Turkey has started strengthening the trade sentiment in CIS nations, effects can be witnessed with last week billet export indications from CIS nations, which was reported to be USD 4305-435/MT, FoB Black Sea. This is higher against last week offers of USD 410-415/MT, FoB Black Sea.
SteelMint’s assessment for Indian billet export stands at around USD 420-425/MT, FoB India.
source: SteelMint
Top News
Six last month
Two last year
China, Indonesia seal $10 billion in deals focused on green energy and tech
Copper price, stocks are being hammered as Trump tariff, China worries mount
Codelco copper production rises in September, Escondida dips
Suitors circle American Eagle Gold as South32 takes 19.9% stake
Top gold ETF sees largest weekly outflow since 2022 on Trump win
US judge narrows investor lawsuit against Rio Tinto over Mongolian mine
Japan, Peru to agree on cooperation in mineral mining technology
MinRes halts Bald Hill mine amid lithium price rout
Ahead of Rio Tinto buyout, Arcadium’s profit dips on sliding lithium prices
Families gather at South African mine shaft where hundreds are feared stuck underground
Soaring demand for copper will help drive mergers, BHP CEO says
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Lithium in nascent rebound, but long-term outlook is bleak
Higher silver supply to reduce global deficit by 4% in 2024
Swapping aluminum for copper will maintain China’s resources, group says
MinRes halts Bald Hill mine amid lithium price rout
Suitors circle American Eagle Gold as South32 takes 19.9% stake
Zimbabwe to end tax relief for miners to spur mineral processing
Australian iron ore giants’ shares sink on disappointing China stimulus
Families gather at South African mine shaft where hundreds are feared stuck underground
Soaring demand for copper will help drive mergers, BHP CEO says
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Higher silver supply to reduce global deficit by 4% in 2024
Swapping aluminum for copper will maintain China’s resources, group says
MinRes halts Bald Hill mine amid lithium price rout
Suitors circle American Eagle Gold as South32 takes 19.9% stake
Zimbabwe to end tax relief for miners to spur mineral processing
Australian iron ore giants’ shares sink on disappointing China stimulus