India Steel Market Watch
December 17: Rashtriya Ispat Nigam Limited (RINL) has floated a global tender to procure 50,000 tons (+/-5%) of iron ore fines and iron ore lumps each for its Visakhapatnam Steel Plant (VSP).
The company intends to procure the tendered quantity of iron ore fines and iron ore lumps against this tender from a single source against each specification.
The delivery shall be at the rate of one shipment of parcel size 50,000 tons (+/-5%) in case of supplies from imported sources and indigenous source by sea, and 12 rakes in case of supplies from indigenous sources by rail.
The technical specifications for iron ore fines are thus: Fe – min. 62-64%, alumina – max. 2.5-3.0%, sulphur – max. 0.035-0.06%, moisture – max. 7-8%. The technical specifications for iron ore lumps are thus: Fe – min. 62-65%, alumina – max. 2.25-2.50%, sulphur – max. 0.035-0.04%, moisture – max. 2.5-4.2%.
The last date for submission of bids is January 8, 2016.