News
PSM to import 400,000 tonnes of iron ore from Iran - 01 Jul, 2009
Business Recorder reported that Pakistan Steel Mills will import 400,000 tonnes of iron ore from Iran, to meet its requirements.

As per report “Of the 15 pre qualified ship owners or operators, 12 had collected the documents, whereas only six parties submitted their offers for transportation of the required iron ore from Bandar Abbas to Port Qasim.”

Noble Chartering, of Hong Kong, represented by Pacific Chartering, Karachi, which had quoted USD 14.73 per tonne, was declared successful when the bids were opened on Monday morning by a committee headed by director finance of Pakistan Steel Millin the presence of the bidders.

The report added that “Other five bidders were STX Panocean Co Ltd of Korea, which had quoted USD 14.87 per tonne, Ocean Wise Services at USD 15.05 per tonne, PNSC at USD 16 per tonne, Pacific Lloyds Ltd, of Malta at USD 17.95 per tonne and Shahdab Pty Ltd of Australia at USD 18.18 per tonne.”

Pakistan Steel Mills imports about 1.6 million tonnes iron ore, and 1 million tonnes of coal annually.

(Sourced from Business Recorder)




Today's News
Main News
0blt1 SULB starts construction of steel plant project in Bahrain
0blt1 Ezzsteel increase rebar price for September 2010
0blt1 Turkish steel mills restart scrap purchase after a pause
International News
0blt1 Indian flat product price index up by 56 points
0blt1 SAIL cuts discount on flat products by INR 1000 - Report
0blt1 JSW Steel raises prices by 3pct to 4 pct
0blt1 BDI recovers further by 94 points
0blt1 AK Steel announces October 2010 surcharges for electrical steel
0blt1 Yusco and Tang Eng to hike stainless steel price for September
0blt1 Taiwanese wire rod prices hold steady
0blt1 Yieh Hsing to keep steel wire rod prices unchanged for Sep
0blt1 Steel prices may rise in China in September on inventory decline
0blt1 Chinese steel price index continues to increase
0blt1 Iron ore and coking coal prices to post first fall in long time on Chinese woes
0blt1 Brazilian aggression may dampen EU steel mills plan to hike HR prices
0blt1 MEPS update North American steel market


Round_corner2
Price Index - MEA
  Aug-26 Aug-19
MLPPI 4670 4519 Up
MFPPI 6079 6028 Up
MEASPI 5097 4976 Up
Currency Rates
03 Sep, 2010
USD 1.0000
AUD 1.1016
BRL 1.7260
CAD 1.0548
CNY 6.8045
EUR 0.7803
GBP 0.6487
INR 46.6718
JPY 84.2808
RUB 30.7056
ZAR 7.2457
Source: http://www.xe.com
Ads_spchina
Ads_spindia
Ads_speur