India: SAIL Floats 16,200 MT Billet Export Tender from its Durgapur Plant
Steel Authority of India - a government of India Company has invited an ocean export tender for billets. The tender quantity is reported to be 16,200 MT. The cargo will be shipped from Haldia port and shipping is scheduled by 25th Aug’19.
The tender was put up for Prime Mild Steel Non-Alloy Concast billets, size 150*150 mm offered from Durgapur Steel plant and has following specifications - C%:0.17-0.23, Mn:0.60-1.0, S: 0.05 Max P: 0.05 Max Si: 0.10-0.35
The said invitation bid service has been activated by SAIL for entry of data at 15:30:00 HRS [IST] of 25 Jun’19. The last date for bid submission is 28 Jun’19 by 17:00:00HRS [IST].
Global billet offers up following scrap price rebound - After witnessing few dull weeks, the global billet market is expected to gain rise this week. The clues can be seen with increased CIS offers. This week, CIS billet export offers were reported to be USD 415/MT, FoB, Black Sea, up by USD 5/MT against last week.
Chinese domestic billet prices have also moved up by RMB 100/MT yesterday against last week’s close amid imposed steel production cuts in Tangshan.
SteelMint’s assessment of imported HMS 1&2 (80:20) stands at USD 280-281/MT, CFR Turkey up marginally against last week close.
source: SteelMint
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Glencore posts lower metals output for first nine months, reiterates outlook
Mercuria eyes equity in African assets, new metals boss says
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Traders see gold as a surefire bet as coin-toss election looms
Gold price surge adds glitter to tarnished miners
Environmentalists sue over US approval of ioneer’s Nevada lithium mine
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years