engineering export bulletin engineering the future

    ENGINEERING EXPORT INFO-BULLETIN | VOL. 22 | ISSUE NO. 27 | OCTOBER 26, 2020

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    Contents

    From Chairman’s Pen

    OVERSEAS SECTION

    Global Business Opportunities

    DOMESTIC SECTION

    For information about
    EEPC INDIA visit :
    www.eepcindia.org

    Highlights

    Govt. Notifications/ Circulars

    • Public Notice No. 26/2015-2020 - Amendments in Para 4.44 - Monitoring of Export Obligation - of the Handbook of Procedures 2015-20.
    • Notification No. 99/2020 - Customs (N.T.) - Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.
    • Notification No. 100/2020-Customs (N.T.) - Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver -regd.
    • Notification No. 31/2020-Customs (ADD) - Seeks to amend notification No. 49/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of “Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles” originating in or exported from China PR, for a period upto and inclusive of the 30th November, 2020.
    chairman

    My dear fellow exporters, 

    While a silver linings in India’s merchandise exports has been seen with shipments registered year-on-year growth for the first month and engineering exports for the second month in fiscal 2020-21 as per the latest figures for September 2020, some concerns on exports still remain. The most alarming deterrent to exports at present is the shortage of containers and substantial rise in freight cost in the last few months.

    The shortage of containers is actually the result of sharp fall in imports in the ongoing fiscal and unwillingness of the shipping companies to bring empty vessels back to India for outward shipment. About 10,000 containers are reportedly being held up and has created a mismatch for export and import purposes resulting in a sharp rise in freight cost in turn. Freight rates have been hiked by as much as 30 – 50 percent in the last few months depending on the destination of shipment. While freight to mainland European ports has been hiked by 60 percent, those to Latin America and the US have been hiked by 50 percent.

    The exporting community is currently facing a 20-day delay in shipments and it has been estimated that current delays could wipe out nearly a month’s worth of the country’s exports in the current fiscal year. Needless to say, India’s credibility in the export market is going to suffer a lot if the export commitments could not be fulfilled and orders are not delivered in time.

    The Indian exporting community during a recent meeting with the Union Commerce and Industry Minister have raised the issue and have asked for the intervention of the government to address this issues. Besides, we have also urged the Ministry of Shipping for formation of a regulatory authority for the Indian shipping companies which has been long pending.

    Mahesh Desai  

    Amidst India’s faltering merchandise export growth and prolonged contraction in export credit growth, exporters have at least seen some silver lining as both the domestic government and the monetary regulatory authority RBI have been in consultation to ease priority sector lending norms for exports in order to ensure higher flow of credit towards export sector, according to news source. The Commerce and Industry minister has very recently held a meeting with senior public-sector bankers to push for easier and higher flow of credit disbursalfor exporters at cheaper rates. The government is expected to announce a slew of measures to boost export growth very soon while the RBI is also likely to change credit norms in favour of the exporters.

     

    The measures to reinvigorate export credit has been the demand of the exporters as many MSME exporters have already been forced to go out of business due to excessive financial crunch and many are facing the same threat. To ensure availability of hassle-free credit to small exporters is a priority for the commerce minister.According to the latest RBI data, export credit of scheduled banks shrank as much as 36.1% year-on-year as of June 21, even on a low base of 42.7% contraction a year earlier.

     

    The interest subvention provided to the exporters to the extent of three to five percent on bank credit has to make way for suitable alternative as WTO has raised objection to this kind of schemes on the ground of non-compliance. An alternative mechanism to facilitate export credit is desperately required. EEPC India has already suggested refund of embedded taxes for the exporters.

     

    EEPC India, as a premiere trade and investment promotion body under the Ministry of Commerce and Industry, wholeheartedly thank the government for its initiative to revive exports from India.

    Overseas Information

    OVERSEAS MARKET INFORMATION

    Egypt
    (Source : Embassy of India, Cairo)

    Potential products of Imports from India

    Commodity - Automobile and auto components (8708)

    Rationale - Egypt is strategically located close to many developing countries with open markets for car imports. The Egyptian automotive Market Volume in 2018 reached 19,804 vehicles (15088 are passenger cars, 1586 buses and 3130 trucks) compared to 14,673 vehicles in 2017 (with increase of 35.6 %). All auto majors like GM, Toyota, BMW, and Hyundai have presence in Egypt. Our exports of automobiles during 2018-19 were USD 136.2 million and auto components were USD 77.5 million in the same period (Total 213.4 Million USD).

    Following the implementation of zero tariffs for automobile imports from EU to Egypt early this year, as per provisions of Egyptian – European Partnership Agreement, there were some concerns among local auto component manufacturers on likely adverse impact on them. However, the Egyptian Government has recently come up with customs incentive scheme to protect local manufacturing while at the same time keeping the doors open for imports.

    Bajaj has a partnership with Ghabbour of Egypt for CKD assembly of two and three wheelers for Egyptian markets. TVS and Mahindra also have presence in the market.

    Commodity - IT and IT enabled services (Information technology Items:85)

    Rationale - Egypt has a significant ICT and business processes outsourcing industry in place serving international customers. Given the huge population, rising economy and relatively low PC penetration, the country will continue to be an important market in the coming years. Egypt also offers easy access to markets in Middle East and Europe. More than 27.37 million Egyptians regularly surf the internet — more than the population of many European countries from which over 4.20 million subscribers has ADSL line.

    Commodity - Project exports in railways, construction, renewable energy, infrastructure etc.(Railway Items: 86) (Electrical Machinery:85)

    Rationale - Egypt has announced various mega projects which have created opportunities for the project exports by the Indian companies. Some of the major projects are: Suez Canal Economic Zone, High Speed Trains and new Metro lines, Housing units’ project, 1.5 million feddan (acre) land reclamation project, Renewable Energy projects and new Administrative Capital.

    Trade in Goods (Source: DGCIS, India) - Indian Import of June 2019: 155.55 (US$ million)

    Indian Import of June 2020: 157.02 (US$ million)

    Indian Export in June 2019: 225.03 (US$ million)

    Indian Export in June 2020: 172.94 (US$ million)

    Total trade comparison :

    June 2019:380.58 (US$ million)

    June 2020:329.96 $ (US$ million)

    Analysis - Total trade between India and egypt during June 2020 decreased to $ 329.96  million compared to same period of 2019.

    Indian exports to Egypt decreased to $ 172.94 million and the Indian imports increased to $ 157.02 compared to same period of 2019.

    Trade in Services (Source: CAPMAS, Egypt) -

    Trade figures of some of the service sectors are given below:

    Pharma Items ( HS Code:30)

    India export in June 2019: 5.1 (US$ million)

    India export in  June 2020 1.82  (US$ million)

    Electrical machinery and equipment and parts including Information technology software. (HS Code: 85)

    India export in June 2019: 22.1  (US$ million)

    India export in June 2020:  8.82 (US$ million)

    Books newspapers , pictures including educational services (HS Code : 49)

    India export in June 2019:  49,293 (US$ )

    India export in June 2020: 50 (US$ )

    Investment - Top Indian companies in Egypt are :

    TCI Sanmar, Flex P Films, Alex Carbon Black Co., Dabur Co., EIPIT, Galaxy Chemicals

    Embee International.

    Analysis - Indian investments in Egypt has increased steadily over the years, with major companies expanding their capacities. The Indian investment in Egypt includes more than 450 Indian companies which operates in Egypt; of which around 50 are in manufacturing and construction with a combined investment exceeding US$ 3.15 billion.

    On 14 July 2020, the Embassy has received an investment proposal from an Egyptian company namely M/s Edfa3ly.com to expand their business internationally and establish a branch in India. The Embassy has forwarded the Egyptian company’s proposal to Invest India following which Invest India held a call conference with the Egyptian company. Invest India shared all necessary links and guidelines which is currently under consideration of M/s Edfa3ly.com.

    On 28 July 2020, Mr. Nahas Ali, SS(Com), met Dr. Rehab Lotfy, Acting General Manager, Chamber of Information Technology and Telecommunication, CIT. They discussed possibilities of cooperation between the chamber and NASSCOM in the field of IT. Dr Rehab spoke of the main 6 subsectors that India can cooperate with Egypt in the field of IT and said she will invite CIT member companies to participate in the Videoconference between NASSCOM and CIT and Egyptian IT companies upon getting the profile of the participating Indian companies. This was conveyed to NASSCOM who are examining the next course of action from their end.

    Switzerland
    (Source : Embassy of India, Berne)

    Potential products of imports from India

    Telephones for cellular networks "mobile telephones" or for other wireless networks

    [HS Code 8517.12]

    India’s Export to World in August 2020 – USD 242.75 Million

    India’s Export to Switzerland in August 2020 – USD 0 Million

    Switzerland’s Import from World in August 2020 – USD 108 Million

    Significant trends in trade and investment in August 2020

    Trade in Goods

    In Aug 2020, total export products to Switzerland from India registered a decrease of -4.94%, as compared to July 2020 (USD 162 million). India’s increase in exports in Aug. 2020 was particularly seen in the field Diamonds, worked, but not mounted or set (excl. industrial diamonds) [HS Code 7102.39]; Heterocyclic compounds with nitrogen hetero-atom[s] only, containing an unfused pyridine ring, whether or not hydrogenated, in the structure, n.e.s. [HS Code 2933.39]; and Amino-naphthols and other amino-phenols, their ethers and esters (excl. those containing > one kind of oxygen function; amino hydroxynaphthalene sulphonic acids and their salts) [HS Code 2922.29].

    In Aug. 2020, the total import products from Switzerland to India registered a huge increase of 63.47%, as compared to July 2020 (USD 917 million).

    India’s registered increase in imports was particularly seen in the field Gold, incl. gold plated with platinum, unwrought, for non-monetary purposes (excl. gold in powder form) [included in the special trade since 1.1.2012] [HS Code 7108.12]; Heterocyclic ompounds containing an unfused thiazole ring, whether or not hydrogenated, in the structure [HS Code 2934.10]; and Medicaments for therapeutic or prophylactic uses, put up in measured doses, incl. those in the form of transdermal administration systems, or in forms or packings for retail sale (excl. goods of headings 3002, 3004.10 3004.50 to 3005, or 3006) [HS Code 3004.90];

    Analysis

    Due to the ongoing COVID-19 pandemic, both Export and Imports between India and Switzerland was affected with India’s trade with Switzerland for Aug. 2020, accounted for 3.17% of Switzerland’s total trade.

    In Aug. 2020, the total import products from Switzerland to India (USD 1499 million) registered a huge increase of 63.47%, as compared to July 2020 (USD 917 million).

    Trade in Services

    The Service-related data is available on the Swiss side only on quarterly basis. In comparison to the 1st Quarter of 2020, in the 2nd Quarter of 2020, the Services exports from India to Switzerland saw increase in Insurance & Pension Services (13.7%); followed by Financial Services (12.8%) and Technical, trade-related, and other business services (0.9%).

    The Services imports from Switzerland saw increase in, Insurance & Pension Services (45.2%); followed by Consulting Services (10.3%).

    Analysis

    Overall the trade in Services is in favor of India. License Fees [IPR related] expectedly is in favour of Switzerland.

    Investment

    As per DIPP, the FDI from Switzerland to India from April 2000 to June 2020 stood at USD 4879.01 million, making 1.03% of the total FDI Equity inflow. As per Department of Economic Affairs, Government of India, the ODI from India to Switzerland from Jan. – July* 2020 stood at USD 0.28 million. As per RBI figures, the total ODI from India to Switzerland during Aug 2020 was USD 1.03 million compared to USD 109.04 million in July 2020.

    India – Switzerland

    Railways

    BHEL signed a MoU with Swiss based company SwissRapide AG for Maglev Train projects in India: On 16 Sept. 2020, BHEL, GM & Head (Transportation Business Group), S V Srinivasan & President and CEO of Swiss Rapide AG, Niklaus H Koenig, signed a MoU to bring Maglev trains (magnetic levitation) to India. BHEL signed the MoU to expand its footprint in the urban transportation sector as part of its diversification initiatives. The agreement has been signed in the backdrop of the Prime Minister`s `Make in India` and `Aatmanirbhar Bharat` initiatives, and will enable BHEL to bring the latest, world-class technology to India and manufacture state-of-the-art Maglev trains indigenously.

    Thailand
    (Source : Embassy of India, Bangkok)

    AirAsia to stop operation in India
    Khao Hoon 07.10.2020

    AirAsia Group Bhd. has stopped funding its Indian affiliate as the global travel slump leaves the Malaysian group struggling to support a sprawling empire of no-frills airlines. The Tata group is in advanced talks to acquire AirAsia Group’s 49 per cent stake in their Indian joint venture airline.

    The Japan-India relations at the Four-Side Conference brings together four countries seeking to form a more powerful coalition against China
    MCOT 07.01.2020

    Foreign ministers from four Indo-Pacific nations known as the Quad group are gathering in Tokyo on Tuesday for talks that Japan hopes will increase their involvement in a regional initiative called “Free and Open Indo-Pacific” aimed at countering China’s growing assertiveness. The meeting — the first in-person talks among the foreign ministers since the coronavirus pandemic broke out — brings together U.S. Secretary of State Mike Pompeo, Australian Foreign Minister Marise Payne, Indian Minister of External Affairs Subrahmanyam Jaishankar and Japanese Foreign Minister Toshimitsu Motegi. The talks follow a recent flareup in tensions between China and India over their disputed Himalayan border.

    India woos technology giants to become new production hub
    Prachachart Turakij 12.10.2020

    Global electronics giants such as Samsung, Pegatron, Flex, and Foxconn among others have become members of the Ministry of Electronics and Information Technology’s (MeitY) production linked incentive (PLI) scheme for making mobile phones and certain other specified electronic components. Indian government hopes to generate around USD1.5 billion to the country`s technology industry, increase its technology’s market cap to USD143 billion, boost exports to 60% and create around 200,000 jobs.

    TENDER INFORMATION

    Uzbekistan Uzbekistan
    (EEPC Ref. No. DB-2459)
    Project              

    Sustainable Solid Waste Management Project
    Loan No. : 3903-UZB
    Financing from ADB              

    DB Ref. No.  ADB-P578101-10/20 
    Issued by 

    Mr. Islom Ismoilovich Bokidjonov, Deputy Chairman
    State Committee of the Republic of Uzbekistan
    for Ecology and Environment Protection (SCEEP)
    1st Floor, Room No. 105
    2A To`ytepa Street, Yashn?bod District
    ZIP Code : 100047
    Tashkent City, Republic of Uzbekistan
    Tel. : +998 71 207 07 70 (internal: 1001#)
    Fax : +998 71 236 33 31
    E-mail : LBG@eco.gov.uz; GUP@eco.gov.uz 

    Bid No.  SCEEP/ICB-G2_2020 
    For  Supply of 1100-liter SW disposal bins.   
    Tender cost 

    Non-refundable fee of  US$ 100 or an equivalent amount of Uzbek Sum using the exchange rate published
    by the Central Bank of the Republic of Uzbekistan on the date of payment of non-refundable fee to the
    bank account indicated below:

    US Dollar Account:
    Name : State Committee of the Republic of Uzbekistan for Ecology and Environment Protection (SCEEP)
    Address : 2A To`ytepa Street, Yashn?bod District, 100047 Tashkent City, Uzbekistan
    Bank Name : Tashkent City Main Department of the Central Bank of the Republic of Uzbekistan
    Bank Address : 6 Islam Karimov Street, Mirabad District, 100001 Tashkent City, Uzbekistan
    Account No. : 4001 1084 0262 9079 5010 0144 001
    SWIFT Code : CBUZUZ22

    Uzbek Sum Account:
    Name : State Committee of the Republic of Uzbekistan for Ecology and Environment Protection (SCEEP)
    Address : 2A To`ytepa Street, Yashn?bod District, 100047 Tashkent City, Uzbekistan
    Bank Name : Tashkent City Main Department of the Central Bank of the Republic of Uzbekistan Bank
    Address : 6 Islam Karimov Street, Mirabad District, 100001 Tashkent City, Uzbekistan
    Account No. : 2340 2000 3001 0000 1010
    SWIFT Code : CBUZUZ22
    Bank Code : 00014

    Bidding document may also be sent by airmail for overseas delivery for additional fee of US$ 50 and surface mail
    or courier for local delivery for an equivalent in Uzbek Sum at the exchange rate published by the Central Bank of
    the Republic of Uzbekistan on the date of payment to SCEEP’s bank account indicated above. No liability will be
    accepted for loss or late delivery. 

    Bid deadline  02.12.2020 
    Source  UN Development Business Website 
    Bahrain Bahrain
    (EEPC Ref. No. MEED-2985)
    Tender No.               RFP/CSD/2020/48 (PT/CSD/MH/2020/164-LTC)              
    Tender for  Circuit breakers 
    Tender details  Supply of circuit breakers. 
    Bid bond  BD 4,000 
    Cost of tender documents  BD 100 
    Closing date  08.11.2020 
    Issued by 

    Electricity & Water Authority
    Directorate of Central Stores
    Room 21-4, Ground Floor
    P. O. Box 5325
    Sitra, Bahrain
    Tel. : (973) 17995500
    Website :www.tenderboard.gov.bh 

    Bahrain Bahrain
    (EEPC Ref. No. MEED-2986)
    Tender No.              RFP/CSD/2020/44 (PT/CSD/SH/2020/162-LTC)             
    Tender for  Ring main units 
    Tender details  Supply of 11kV, SF6 ring main units. 
    Bid bond  BD 5,000 
    Cost of tender documents  BD 100 
    Closing date  08.11.2020 
    Issued by 

    Electricity & Water Authority
    Directorate of Central Stores
    Room 21-4, Ground Floor
    P. O. Box 5325
    Sitra, Bahrain
    Tel. : (973) 17995500
    Website :www.tenderboard.gov.bh 

    Bahrain Bahrain
    (EEPC Ref. No. MEED-2987)
    Tender No.               RFP/CSD/2020/47 (PT/CSD/FN/2020/165-LTC)               
    Tender for  Distribution boards 
    Tender details  Supply of 255 three-phase, four-wire, low-voltage fuse distribution boards and 30 buffers. 
    Bid bond  BD 2,500 
    Cost of tender documents  BD 100 
    Closing date  08.11.2020 
    Issued by 

    Electricity & Water Authority
    Directorate of Central Stores
    Room 21-4, Ground Floor
    P. O. Box 5325
    Sitra, Bahrain
    Tel. : (973) 17995500
    Website :www.tenderboard.gov.bh 

    Bahrain Bahrain
    (EEPC Ref. No. MEED-2988)
    Tender No.               RFP/INT/CSD/2020/36 (IN/CSD/MA/2020/171)              
    Tender for  Water fittings 
    Tender details  Supply of water fittings. 
    Bid bond  BD 500 
    Cost of tender documents  BD 15 
    Closing date  09.11.2020 
    Issued by 

    Electricity & Water Authority
    Directorate of Central Stores
    Room 21-4, Ground Floor
    P. O. Box 5325
    Sitra, Bahrain
    Tel. : (973) 17995500
    Website :www.tenderboard.gov.bh 

    Bahrain Bahrain
    (EEPC Ref. No. MEED-2989)
    Tender No.              RFP/EWA/2020/28 (2020-140-PP-ETD)             
    Tender for  Bay control unit parts 
    Tender details  Supply of spare parts for bay control units of electricity transmission substations. 
    Bid bond  BD 500 
    Cost of tender documents  BD 15 
    Closing date  18.11.2020 
    Issued by 

    Electricity & Water Authority
    Directorate of Central Stores
    Room 21-4, Ground Floor
    P. O. Box 5325
    Sitra, Bahrain
    Tel. : (973) 17995500
    Website : www.tenderboard.gov.bh 

    Bahrain Bahrain
    (EEPC Ref. No. MEED-2990)
    Tender No.             RFP/CSD/2020/45 (PT/CSD/MA/2020/166-LTC)              
    Tender for  Joint kits 
    Tender details  Supply of low-voltage, cross-linked polyethylene (XLPE) cable, cast resin joint kits. 
    Bid bond  BD 5,000 
    Cost of tender documents  BD 100 
    Closing date  11.11.2020 
    Issued by 

    Electricity & Water Authority
    Directorate of Central Stores
    Room 21-4, Ground Floor
    P. O. Box 5325
    Sitra, Bahrain
    Tel. : (973) 17995500
    Website : www.tenderboard.gov.bh 

    Bahrain Bahrain
    (EEPC Ref. No. MEED-2991)
    Tender No.              RFP/INT/CSD/2020/38 (IN/CSD/MA/2020/173)              
    Tender for  Patch panels 
    Tender details  Supply of fibre optic cable patch panels. 
    Bid bond  BD 500 
    Cost of tender documents  BD 15 
    Closing date  16.11.2020 
    Issued by 

    Electricity & Water Authority
    Directorate of Central Stores
    Room 21-4, Ground Floor
    P. O. Box 5325
    Sitra, Bahrain
    Tel. : (973) 17995500
    Website : www.tenderboard.gov.bh 

    Kuwait Kuwait
    (EEPC Ref. No. MEED-2992)
    Tender No.               RFQ/1032839                
    Tender for  Seal oil pumps 
    Tender details  Supply of seal oil pumps for unit 18 and 19 compressors (MAB-DC). 
    Bid bond  KD 1,000 
    Closing date  19.11.2020 
    Issued by 

    Kuwait National Petroleum Company
    P. O. Box 70
    Ahmadi 13001, Kuwait
    Tel. : (965) 23887794/23887792/23207793
    E-mail: cwphelp@knpc.com.kw
    Website: http://esourcing.knpc.com 

    United Arab Emirates United Arab Emirates
    (EEPC Ref. No. MEED-2993)
    Tender No.               RFX-2132000071                
    Tender for  Water reservoir 
    Tender details  Construction of a 30-MIG water reservoir in Hatta. 
    Bid bond  AED 3m 
    Cost of tender documents  AED 1,050 
    Closing date  21.12.2020 
    Issued by 

    Dubai Electricity & Water Authority
    Office of the Contracts Manager
    Zabeel East, P. O. Box 564
    Dubai, UAE
    Tel. : (9714) 3244444
    Fax: (9714) 3248111
    E-mail: contracts@dewa.gov.ae
    Website : www.dewa.gov.ae;
    https://srm.dewa.gov.ae 

    Source  MEED.com website 

    Domestic Information

    PUBLIC NOTICE

    Dated 16 October, 2020

    Public Notice No. 26/2015-2020



    The Directorate General of Foreign Trade, Ministry of Commerce and Industry, Department of Commerce, Government of India, New Delhi has issued a Public Notice No. 26/2015-2020 dated 16th October, 2020 regarding Amendments in Para 4.44 - Monitoring of Export Obligation - of the Handbook of Procedures 2015-20. The above Public Notice has already been hosted in our Website (http://www.eepcindia.org/download/201019115914.pdf) for information of our Members.
    Dated 15 October, 2020

    Notification No. 99/2020-Customs (N.T.)



    Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, Government of India, New Delhi has issued a Notification No. 99/2020-Customs (N.T.), dated 15th October, 2020 regarding Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020. The above Customs Notification has already been hosted in our Website (http://www.eepcindia.org/download/201016114641.pdf) for information of our Members.
    Dated 15 October, 2020

    Notification No. 100/2020-Customs (N.T.)



    Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs, Government of India, New Delhi has issued a Notification No. 100/2020-Customs (N.T.), dated 15th October, 2020 regarding Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver. The above Customs Notification has already been hosted in our Website (http://www.eepcindia.org/download/201016114729.pdf) for information of our Members.
    Dated 16 October, 2020

    Notification No. 31/2020-Customs (ADD)



    Ministry of Finance, Department of Revenue, Government of India, New Delhi has issued a Notification No. 31/2020-Customs (ADD), dated 16th October, 2020 regarding Seeks to amend notification No. 49/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of “Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles” originating in or exported from China PR, for a period upto and inclusive of the 30th November, 2020. The above Customs Notification has already been hosted in our Website (http://www.eepcindia.org/download/201019120010.pdf) for information of our Members.

    STEEL PRICES

    Steel Market Current Report

    Mandi Gobindgarh
    Open Market Rates of Rerollables (October 24, 2020)

    (Exclusive of GST) (Trade Terms 1% Cash Discount) (Rate Rs. per Tonne)
    Ingot
    Arc/Ind. Furnace
    Round quality (21x25) 33,400
    Structural quality (28x30) 33,600
    Low carbon (12x16) -
    Semi low carbon (18x21) 33,550
    5x6 Girder quality (25x30) -
    Runners/Risers 33,200
    Bones/Clean -
    Billets & Squares  
    50x50x63x63x65x65 mm MS -
    75x75x80x80x90x90 mm MS 33,600
    100x100 mm MS2 33,700
    125x125 mm MS/ Concast -
    100x100 mm Concast-Billets 34,000
    100x100 Concast-SAIL DSP 34,000
    H.C. Billet SAIL 150x150 mm) -
    H.C. Billet-Tisco 75x75 mm) -
    Blooms  
    Above 251 mm Bloom (HC) 30,400
    Above 251 mm Bloom (MS) 30,400
    (DSP) Bloom 160x250 mm 30,400
    130/135/140 mm (Tisco) MS -
    150x150 mm Concast (DSP) 33,400
    150x150 mm MS (SAIL) 33,500
    Bloom Cut into pcs. (MS) 33,500
    Bloom Cut into pcs. (Medium) 33,700
    Bloom Cut into (Patra Pass) 33,700

    Slabs  
    Durgapur Slabs 14"x3" -
    Durgapur Slabs -
    Bokaro Slab Heavy -
    Tata Concast Slab (Heavy) -
    Skelp Tisco -
    Rails  
    Untested Rail - 75 lbs. 25,000
    Untested Rail - 90 lbs. 25,000
    Untested Rail - 105 lbs. 24,900
    Rej. Wheel (Small) 24,900
    Cut Tyre (Big) 31,800
    Cut Tyre (Small) 25,800
    Melting Scrap (F.O.R.)  
    Fresh Scrap (Rolling Mill End)  25,100
    Old Scrap (Godown) 21,500
    Turning 20,700
    Tin Tapper 22,800
    Mill Scale 17,800
    Sponge Iron 21,000
    Pig Iron (F.O.R.)  
    Foundry Grade 29,900
    Steel Grade 22,700
    C.I. Turning 15,700
    Degi Scrap 23,200
    Deg Casting 35,600
    Ingot Moulds (Old) 22,200
    Ingot Moulds (New) 34,400
    Cut Ingot Moulds 21,100
    Open Market Rates of Finished Goods (October 24, 2020)
    (Inclusive of GST)
           (Rate per Qntl.)       

    M. S. Rounds 4 mm 5 mm 6 mm 8 mm 10 mm 12 mm 16/20 mm 22/25 mm
    Mild 4250 4270 4270 4280 4260 4360 4420 4280
    Zindi Pass (Drawing) - - - 4270 4340 4350 4440 4440

                      Above rates of 6 mm rounds are of length up to 14’ Above 18’ = 4320

    Heavy Rounds 28 to 53 mm 63 to 100 mm 110 to 125 mm 140 to 150 mm 165 mm 180 mm 200 mm
    Mild    4400 4400  4420     4420 4420 4440 4320
    M. S. Squares 4 mm 5 mm 6 mm 8 mm 10 mm 12 mm 16/20 mm 22/25 mm
    Mild 4470
    4470
    4440
    4500
    4500
    4500
    4440
    4430
    M. S. Angles 20 mm 25 mm 32 mm 40 mm 50 mm 65 mm 75 mm 100 mm 110 mm 150 mm 200  mm
    3 mm 4290 4250 4300 4370 4370 4440 - - - - -
    5 mm 4140 4250 4370 4370 4440 4470
    4370 - - -
    6 mm 4270 4330 4370 4370 4440 4470 4460 - - -
    8 mm - - 4370 4440 4440 4460 4460 - - -
    10 mm - - 4370 4440 4440 4460 4520 4460 - -
    12 mm - - 4370 4440 4120 4440 4450 - 4540

    -

    16 mm - - 4370 4440 4450 4440 4520 - - -
    M. S. Flats 20 mm 25 mm 32 mm 40 mm 50 mm 65 mm 75 mm 100 mm
    3 mm 4230 4220 4230 4260 4360 4320 - -
    5 mm 4230 4220 4230 4230 4460 4520 4460 4460
    6 mm 4260 4290 4230 4230 4380 4510 4460 4460
    8 mm 4110 4230 4330 4470 4440 4460
    10 mm - - 4110 4230 4330 4460 4440 4440
    12/25 mm - - 4100 4230 4330 4460 4440 4440
    18/19 Gauge 4060 4140 4310 4230
    4330 4440 4440 4440

    [Prices at other stockyards may vary]                                          Source : Steel Town (Weekly), October 24, 2020]

    EEPC INDIA OFFICE BEARERS

    CHAIRMAN SR. VICE CHAIRMAN  VICE CHAIRMAN

    Mahesh Desai
    Tel.: 91-40-27617098/5131 (O)
    91-40-27765793 (R)
    Fax : 91-40-27614376
    E-mail : desai.mahesh64@gmail.com
                  

     

     

     

     

    Arun Kumar Garodia
    Tel.: 91-33-40052700
    Fax : 91-33-40052800
    E-mail : corona@coronaind.com
                  arun@coronaind.com

     

     

    REGIONAL CHAIRMEN / CHAIRPERSON

    EASTERN REGION

    B. D. Agarwal
    Tel. : 91-33-22487249
    Fax : 91-33-22481879
    E-mail : bdacec@gmail.com

    NORTHERN REGION
    Kamna Raj Aggarwalla
    Tel.: 91-181-2642001/02/03/04
    Fax : 91-181-2642005
    E-mail :         kamna.aggarwalla@gmail.com                          
    SOUTHERN REGION

    K. S. Mani 
    Tel. : (91 491) 253-5669/9870
    E-mail : atlasmachinetools1978@gmail.com

    WESTERN REGION

    Krishanlal Dhingra
    Telefax : 91-22-2651-0038/2655-6955
    E-mail : kldhingra@gmail.com

    EEPC INDIA OFFICES

    H.O. (Cell) REGISTERED & HEAD OFFICE

    Suranjan Gupta 
    Executive Director
    EEPC INDIA
    Vandhna (4th Floor)
    11 Tolstoy Marg 
    New Delhi 110 001
    Tel.: 91-11-23353353, 23711124/25
    Fax : 91-11-23310920
    E-mail : eepcto@eepcindia.net
    URL : www.eepcindia.org

    Adhip Mitra
    Addl. Executive Director & Secretary
    EEPC INDIA
    Vanijya Bhavan (1st Floor)
    International Trade Facilitation Centre
    1/1 Wood Street, Kolkata 700 016
    Tel.: 91-33-22890651/52/53
    Fax : 91-33-22890654
    E-mail : eepcho@eepcindia.net
    URL : www.eepcindia.org

    REGIONAL OFFICES

    EASTERN REGION
    Anima Pandey
    Regional Director & Director (Membership)
    EEPC INDIA
    Vanijya Bhavan (2nd Floor)
    International Trade Facilitation Centre
    1/1, Wood Street
    Kolkata 700 016
    Tel.: 91-33-22890673/74
    Fax : 91-33-22890687
    E-mail : eepcrokol@eepcindia.net
    NORTHERN REGION
    Rakesh Suraj
    Regional Director
    EEPC INDIA
    Flat No.10
    P, Q, N, 10th Floor
    DCM Building
    16 Barakhamba Road
    New Delhi - 110 001
    Tel.: 91-11-23314171/74
    Fax : 91-11-23317795
    E-mail : eepcrodel@eepcindia.net
    SOUTHERN REGION
    C. H. Nadiger
    Regional Director
    EEPC INDIA
    Greams Dugar (3rd Floor)
    149 Greams Road
    Chennai 600 006
    Tel.: 91-44-28295501, 28295502
    Fax : 91-44-28290495
    E-mail : eepcrochen@eepcindia.net
    WESTERN REGION
    Rajat Srivastava
    Regional Director & Director (Marketing & Sales)
    EEPC INDIA
    B-202 & 220, Aurus Chambers
    Annex "B", 2nd Floor Behind Mahindra Tower
    S.S. Amrutwar Marg
    Worli, Mumbai 400 013
    Tel.: 91-22-4212 5555
    Fax : 91-22-2495 5486
    E-mail : eepcromum@eepcindia.net

    SUB-REGIONAL OFFICE

    AHMEDABAD
    Sudhakaran C. K. Nair
    Deputy Director
    EEPC INDIA
    TF-313/A(3rd Floor)
    ATMA House, Ashram Road
    Ahmedabad 380 009
    Tel.: 91-79-26588720
    E-mail : eepcsroahd@eepcindia.net
    BANGALORE
    J. V. Raja Gopal Rao
    Sr. Deputy Director
    EEPC INDIA
    Embassy Square, 103, First Floor
    No.148, Infantry Road
    Bengaluru - 560 001
    Tel.: 91-80-22261396/22268669
    Fax : 91-80-22266914
    E-mail : eepcsroblr@eepcindia.net
    HYDERABAD
    V. C. Ravish
    Sr. Executive Officer
    EEPC INDIA
    `Soham Mansion` (1st Floor)
    No. 5-4-187/3 & 4/4, M.G Road
    Secunderabad 500 003
    Tel.: 91-40-27536704
    Fax : 91-40-27536705
    E-mail : eepcsrohyd@eepcindia.net
    JALANDHAR
    Pranab Kumar Singh
    Assistant Director

    EEPC INDIA
    Plot Comm. 1, Focal Point
    Jalandhar 144 012
    Tel.: 91-181-2602264
    Fax : 91-181-2601124
    E-mail : eepcsrojld@eepcindia.net

    CIN : U51900WB1955NPL022644