India: SAIL Cancels 16,200 MT Billet Export Tender on Higher Price Expectations

Steel Authority of India (SAIL), an India state owned steel mill, has cancelled 16,200 MT billet export tender which bid due date was on 3rd Dec'18, SteelMint learned from market sources.

SAIL had floated Billet/Bloom export tenders for 16,200 MT from Bhilai Steel Plant (BSP) of size 150*150 mm, 10,800 MT of size 125*125mm from Durgapur Steel Plant (DSP), 5,400 MT of size 150*150mm from ISP (Burnpur) and a plate tender of 8,000 MT from Rourkela Steel Plant (RSP).

According to market reports, company has cancelled billet tender issued from BSP, which fetched highest bid at around USD 425/MT FOB Vizag (India East Coast).

Company has also cancelled 8,000 MT plate tender from RSP, which fetched highest bid at below USD 535/MT FOB levels.

Billet tender from Durgapur Steel Plant is valid till 6th Dec at IST 17:00 HRS.

Global Billet Prices

Billet prices in global market has observed a downtrend in last one month amid increasing possibility of exports from China, where prices have corrected over USD 80/MT in November 2018.

News No: 2829
Date: 2018/12/07 - 01:51
News Source: SteelMint

Steel Authority of India  SAIL  steel mill  billet  Durgapur Steel Plant 


Leave a Comment:


Turkey: Imported Scrap Prices Drop in Recent Deal

Turkey-based steel mills observed a fresh deal for European scrap as soon as they received the lower price from a supplier. Amid dull finish steel demand steel mills in Turkey were holding their buying price at lower side witnessing no significant deal concluded for past two weeks. However, recent deal heard pulled prices down by USD 5-7/MT further.

India: Nepal's Buying Interest Remains Bearish for Billet & Wire Rod

Indian exporters who largely deals with Nepal are poised over limited deals. Nepal's re-rollers have limited their purchase for Billet & Wire rod on account of sufficient stock & low demand, which raised liquidity crunch, as per participants.

Impact of US Sanctions on Iranian Steel Export

Iran, one of the largest billet exporter in MENA region is currently facing economic sanctions from US, owing to which the steel export has affected badly. Iran has exported 1,806,000 MT billet and bloom during the first seven months of current Persian year (21-Mar till 22-Oct’18).

Chinese Mills Book Export Orders of 100,000 MT Billets Last Week - Sources

Chinese mills have resumed billet exports owing to falling prices in domestic market, but we do not see volumes to reach 2015 levels.

Iranian Domestic Billet Offers Hit All Time Low

Iranian Domestic Billet Offers Hit All Time Low since Sep’19 owing to appreciation of Rials against USD.

Is Iran Routing Steel Billets Exports through India?

A steel billet export vessel arrives at Indian port on 2nd Dec, 2018, from Iran, which is likely to be re-routed to Thailand, SteelMint learned from market participants.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners