Million Link
  • Anthony
    • Semi Coke
      • Low P
      • qty very limited
      • find 3 plants can produce Semicoke P lower than 0.01%
        • analysis report lower than 0.009 (even 0.008)
        • nobody has stock.
        • production limited to 600mt per day
        • S : 0.3%
    • Met Coke
      • Specs
        • S : 0.8%
        • P : 0.035%
        • FC : 84%
      • 0 -10 mm – Fines
        • 5000mt
          • 35 lower than
          • can offer 213 to customer
      • 5 – 15mm coke in stock – Breeze?
        • 5000mt
        • sold @ 245
          • new offer is 248 for customer
          • so maybe can offer 248
      • 10 – 30mm – Nut
        • 5000mt
          • 40 higher
          • can offer 288 to customer
    • We have a revised offer for all 3
    • final qty is going to depend on teh sales.
    • if customer interested in 10,000mt of fines.
      • we can just do fines.
  • Sunil
    • when indicate a price?
      • need to add profit?
    • Anthony
      • will offer price including everything.
      • ship one vessel and selling
      • so our new offer should be similar to that price.
  • Summer
    • visited the office of Shyam
    • sold 5000mt 0-10mm coke Breeze.
    • Sunil
      • Shyam ferro
        • Summer: spoke to Mazunda
      • Shyam steel
      • Shyam [third one]
    • wondering the reason they purchased the coke breeze.
      • Sunil : will speak to Mazunda and will find out why they bought coke breeze.
    • we need to try to sell more qty to Haldia.
      • various specifications.
    • the purpose will be to sell 50,000mt
      • we have booked 7000mt
  • Sunil
    • rains are starting in India
    • so customers buy coke and coke fines before the rain sets in
      • causes moisture and loss at the port.
    • monsoon ends in September?
    • Monsoon will start in 1 – 2 weeks.
    • freight will be USD32 / mt
    • semicoke in containers
      • bulk in container / bags in container (slightly more expensive)?
      • can talk with Swellow for the container price.
        • 3000 per container
        • container shipment not workable.
    • Coke Breeze used for
      • Sinter
      • Chrome ore sinter
        • Pellets / briquettes
        • sometimes use Coke fines
      • Summer
        • used sugarcane molasses to make briquettes
        • used as a binder.
        • Chrome ore Fines mixed with Molasses and Coke
  • Sunil
    • in 2 days have introduced to customers in the market.
    • price idea ?
      • won’t give correct price for coke.
      • 10-30 booked at 265 – 270?
        • 270 is a bit lower than shipped from China.
      • coke fines
        • no price idea
    • Blast Furnace coke?
  • Anthony
    • CFR India 340 Platts
    • we might get offer from ?
  • Sunil
    • 5-15
    • 10-30
    • there is a correlation in price.
      • 10% discount/15% discount?
      • 30% discount? over BF Coke platts price.
  • Summer
    • 10-30mm
      • compared to BF coke lumps
      • ~75%
    • which would price the 10-30mm @ 255
      • based on FOB not CIF
  • Anthony
    • FOB China 324 * 0.75 = 243 FOB
  • Sales Auction.
    • need to move the Indian companies to Ferrous apart from Rashmi
    • all Indian sinter facilities to Rashmi
      • used to purchase coke breeze.
      • uses 1,000,000mt per month of iron ore fines.
    • Summer
      • the Tata iron fines are best match for Finland Iron Pyrite.
  • Summer
    • Sunil can visit/talk with Shyam SEL
  • Shyam metallics
    • owned by Shyam SEL
  • Shyam SEL
    • TMT steel
    • ferrochrome
  • Shyam Ferro
    • Mn alloy.
  • Big companies
    • IMR
      • owner is ex Tata steel exec
    • Trafigura
    • Shakambri
      • cancelled our long term contract when the price went up.
  • Finland Iron re
    • will allow us to work with AMNS Arcelor mittale Nippon steel
    • 2 ports
      • sent capesize vessel to a customer.
    • originally only added sinter furnaces to the sales auction that were near a port.
    • Konrad : need to train staff to contact customers
      • need to train staff to put in the feedback.
      • need to do one by one.
  • Coke Breeze
    • Sales promotion in India.

Pakistan : Iron Ore Situation

  • Iron Ore
    • 25-30,000mt
    • 50-53%
    • mined in Sindh
    • sending to Karachi
    • lots of exporters & new Chinese buyers who buy locally from miner and exporting.
  • Everybody has big qty & contracts.
    • discussed with 2 miners.
    • Empire Mines
      • we have sold this cargo to Yangtao 52% cargo
      • quality is very good. ‘
      • no mixing or blending.
    • Al-haram traders
      • exporting to Chinese buyers.
      • both cargos are similar
      • mines next to each other.
    • Both Suppliers
      • willing to partner with Million Link for long term cargos
      • if they stock bigger qty for any supplier, then the buyer will cancel the cargo
      • they are looking for long term contracts.
    • Will supply the cargo to Million Link if the prices are OK
  • Empire Mines
    • Mr Karship
    • 10,000mt to China every month.
    • finishing contract with Chinese buyer
    • has 2000mt cargo available in ware4house
      • can export immediately
    • 5000mt cargo target
      • can give to Million Link end of 1 month
      • cargo is coming to warehouse everyday
      • within 1 month can do 5000mt
    • quoted prices?
  • Market Situation.
    • last contracts signed with Chinese buyers : USD45 (market USD120)
    • market has fallen sharply.
      • cannot do USD45 CFR
    • want to buy FOB.
    • if good quality cargo, and no blending and no problems.
    • cargo will cost around USD41 – 42 FOB (2 -3 is freight)
      • miner giving USD41, but no negotiation yet.
  • Anthony
    • price should be negotiable.
    • Iron ore index price is USD107
      • USD120 was in May
    • we want to do FOB only.
    • we want to book the containers ourselves.
    • Mabroor
      • container freight from port is always higher if booking from China side.
      • last time we booked ourselves
      • booked containers from karachi, not Chihna
        • China : USD150 per container
        • Karachi : USD10 per container?
    • Anthony
      • even if we buy from Karachi, and USD10 freight
      • all the containers are charged so much at destination port
        • so it works out much higher than USD150
    • Mabroor
      • solution to the containers.
      • companies are taking the guaranteed charges in pakistan.
        • exporters take from the booking agents.
        • give to the buyers.
        • buyers check the discharge port?
      • we can do FOB for now.
      • can change to CFR if FOB doesn’t work.
    • Anthony
      • need to request FOB.
  • Anthony – Empire mines.
    • how much spot cargo do they have?
      • how much cargo can they supply to Million Link ?
    • Mabroor :
      • don’t believe the supplier… will have to visit the warehouse in port qasim.
    • Office in Karachi
      • warehouse half an hour away.
    • can you get videos and pictures of the cargo?
      • Mabroor : Mr karshif who visited with Ahmed Jamal.
        • the YangTao cargo mistake.
        • wasn’t getting the containers.
      • 2000mt cargo availabe in warehouse.
        • still exporting 10-15,000mt to china.
        • have good qty.
      • after Chinese buyers opened warehouse in Port Qasim.
        • they have increased the local prices of Iron ore.
        • they want all the iron ore.
        • created expense for the regular miners.
        • most of the miners want to supply to Chinese buyers
          • pushing the price of iron ore higher.
          • so Empire mines struggles to buy cargo
        • Empire mines recommends we buy locally.
      • Charles offered USD35 FOB
        • requested miners to give hteir price.
        • didn’t give this price to miners.
        • miner gave price of USD41
        • Charles asking for USD37-38
  • Al Haram
    • has sintered cargo : 8000 – 10,000mt
    • 62%
    • they mix millscale with iron ore.
    • exporting 25,000mt each month in bulk vessel.
    • 40,000mt – 50,000mt export to China every month.
    • Anthony
      • cannot do this business.
      • mixed cargo with Millscale is not allowed to import.
      • the import traders are doing risky business.
      • share an offer and try with another south asian port.
      • cannot even send a sample to China.
  • Anthony
    • we should move forward

Manganese Ore

  • Mabroor
    • message from Sascha
    • 42% cargo
    • cargo was sold to china last night.
    • In Brazil everybody knows Chian has huge demand for Mn ore.
    • everybody has increased the prices.
    • Buritirama has 50,000mt mn ore fines.
      • offering for 44-46% for USD6.67 CFR
    • other miners giving similar prices.
    • we have given the offer to Summer
      • USD 6.30 CFR
      • got no reply from Summer.
    • TK are negotiating with other miners for us.
      • making formal offer for Million Link
      • Yangtao wanted to check sales in China
    • Miner – ALexandre
      • giving the cargo to Million Link for 5.10 CFR in break bulk
      • 25,000mt
      • Summer discarded the cargo
    • Anthony : Mn ore shortge.
    • SiMn price is dropping sharply
      • Mn ore market is not clear.
  • Buriterama
    • 50,000mt
    • offer from miner? or from TK?
    • Offer is from TK
    • Anthony : we only do business with TK
      • once we get offer from TK, we can discuss directly.
      • discuss offers directly before giving to Yangtao.
      • we will sell the cargo only after the cargo is ready for shipment.
      • don’t need to let Yangtao know about Mn ore offers.
    • Mabroor
      • ask TK to share original offer from Buritirama.
      • offered 2 days ago
      • Summer rejected Buritirama 2 years ago because they failed deliveries.
        • Buritirama is now more reliable.

Overall market situation.

  • Steel prices in Pakistan reducing
  • Same situation in Malaysia etc.
  • steel prices are declining.
  • Maybe plants will shut down in future.
  • prices of Mn ore around the globe
    • suppliers have increased prices to USD7 on platts 44-46%
  • Anthony
    • comilog offering
      • 8.3 – China
      • 8.6 to India
    • From Brazil price is around USD7
  • Anthony
    • Summer has lost confidence in Zambian cargo
    • during this time we should focus carefully on supplier side.
    • Mn ore prices keep rising.
    • power is limited in Zambia.
    • purchase early, and sell later.
    • Amar Ferroalloys?
      • supplying ?
      • Mabroor : confirmed price
        • if they can handle insepction charges.
        • their new production head said that Million Link hadn’t confirmed.
        • Amar more reliable than the other suppliers in Zambia.
        • owner of Amar, not replying to Mabroor.
        • situation that nobdy is replying now from Amar
        • B2B cargos from Zambia is a mess.
        • in the past we have done stock sales.
          • we had no losses on that
          • no problems.
        • situation is different now
          • prices from producers,
          • take offers from customers.
          • then the prices have gone up.
          • market is spoiling because it takes too much time for the return trip.
          • we have no stock and nothing in inventory to sell.
      • Anthony
        • Pakistan market is much lower now.
        • selling price is around USD1150
          • Indonesia/Malaysia/ price offering is at least 1200
        • Mabroor
          • Vietnam supplier prices increased 1150 FOB.
          • prices in local market, but no sales contracts for 1 month.
          • Zambia knows pakistan market.
          • 50-70% Zambian cargo is sold in Pakistan only.
          • they are selling the cargo 1150
            • 2 customers bought for 1130
          • problem is that everybody confirmed stocks in Zambia.
          • they get the prices directly from Zambia.
      • Mabroor
        • Zambia will be closed for production in 3 months.
      • Anthony
        • Vietnam plants?
        • who is offering?
        • Mabroor : was talking with SiMn Producer who we sell Mn ore to.
          • 60/14
          • 65/17

  • Sunil
    • worked in iron mines
    • ferroalloy plants
    • moved to Sales&Marketing.
      • Tata has different verticals
        • flat products
        • round products
        • Ferroalloys & minerals
    • Looking after Ferrocrhome
    • Tata Steel Asia HK Limited
      • all the sales through this office.
      • till 2019
    • Ferroalloys till 2024
      • Mn Ore
      • Iron ore.
        • 20 million tons of steel production.
        • 32 million tons of iron ore
      • Mn Alloys
        • tooling
        • hiring plants to produce for you.
        • buying coal & coke & mn ore.
        • then hire a factory.
    • Worked in HR
      • in Tata to go through mid-managmenet
        • need to do HR training.
  • Sunil
    • working with for Million Link
    • Coal & Coke
    • Iron Pyrite
    • Iron ore.
  • Carlos
    • Started Million Link Peru 2 years ago
    • working with iron ore
    • working with Latin America markets.
    • Latin America
      • mining countries
        • Peru
          • 3 different files
          • Iron ore
          • Anthracite
          • Mn ore (with an Indian company)
            • Anthony was interested in the Mn ore.
        • Mexico
          • growing very fast now
          • 30 million mt of steel produced each year
          • have free trade agreement with USA
          • #9 producer of automobiles
            • BMW
            • Audi
        • Brazil
          • Mn ore
          • Ferroalloys
            • interesting since ocean freight from india & china is very expensive.
            • yesterday, from main Chinese port to South America is 7,000 per 20′ container.
        • Argentina
          • some chances with Arcelor Mittal.
            • Ternium.
        • Chile
          • Copper??? maybe
          • need somebody who specializes in Copper trading.
          • Compania ???
            • offer for millscale
            • iron ore fines.
            • Summer is working to get an offer.
        • Colombia
          • traditional suplier of thermal coal
          • coking coal
          • met coke
            • we are looking to work with this
            • Reactive coke.
              • ultralow P content.
                • good for HCFeCr production.
            • we have 2 -3 reliable suppliers identified.
            • who have interest to work with Million Link
            • Pull Trading?
              • swiss trader with plants
            • Chill Coke (Jilderin) : Turkish provider
              • have lots of ferroalloy plants around the world.
              • big producer of FeCr
            • 3rd supplier as well.
              • only working with Ultra low P
          • Traders
            • Javelin Commodities.
              • can offer anthracite
              • thermal coal
              • from United Kingdom
              • ~50 million mt of carbon per year.
        • Venezuela
          • iron ore
          • problems with sanctions.
          • seller will be Jindal
          • have a JV with Venezuala
          • producing 4 million mt
            • aim to increase to 10 mmt
  • Best Opportunities
    • offering ultra low P carbon for FeCr producers.
  • Sunil
    • interested in Anthracite & Ultralow P Coke.
    • Carlos : Anthracite is from Peru
      • the qty is around to 2 mmt per year.
      • in bulk… containers also possible.
      • can only send to Mexico
      • Europe is not possible.
      • problem with india in containers is the high prices of freight.
      • India is receiving anthracite from Russia.
        • some indian company don’t buy from Russia due to Sanctions.
        • but most companies buying.
  • Carlos
    • worked for 40 years in the business.
    • Summer gave invitation to work with Million Link
  • Sunil
    • will be in touch about Colombian coke
    • will work through anthony.
    • Carlos : Neha says the problem is the price.
      • the colombian producers understand the situation.
      • they are trying to improve the price.
      • working with 2 – 3 ferroalloys plants in Brazil.
      • Colombia is natural supplier of Ultralow P coke to Brazil
      • SiMn & HCFeMn
  • Sunil
    • rainy season is going to start in india so people don’t buy
      • lots of moisture issues & shipping problems
    • Trafigura bringing lots of coke from colombia to India.
    • Carlos : will send the statistics of export of colombia to India.
      • most aggressive trader is trafigura.
  • Carlos
    • hope to receive possibilities to send to India.
    • can find material in Colombia now.
  • Carlos
    • Trafigura is selling to India
    • prices are very low.
    • we can go to our suppliers
      • chance with 2-3 coke suppliers.
      • to have a plan for the balance of 2024
    • Sunil
      • India producer 1.4mmt FeCr each year
      • half of that is exported
      • the lower the P the better the price you get for FeCr
      • so everybody looking for Low P Coke.
      • only finding from Colombia.
      • so good market in India.

  • Rashmi
  • Ancor
    • want Million Link as the exclusive sales for Acelor mittal /nippon steel.
  • Indonesia
    • Deshin Steel
    • Qingshan
  • Oman
    • JindalShadeed
  • Malaysia steel plants
  • Sunil
    • Neha can have Mn ore
    • Focus on coal / Coke / Pyrites
  • Summer
    • Anthony sent specifications.
      • 5 – 15mm : USD245 CIF for india market (spot cargo ready in port)
      • Coke fines : 10 – 30mm : if any customer interested in cargo, can purchase from spot
    • 2000mt met coke nut
    • 7000mt semi code to Halida
      • urgent demand & ship in June.
    • use Semicoke & metcoke nut small size
      • MetCoke 5 – 15mm @ USD245
      • Semicoke @ USD230
        • P is too high. (0.04%)
        • not at attractive price with high VM
        • people buy semicoke because the P is low.
      • can have 10 – 30mm
        • the price isn’t so good.
    • will need to buy 8000mt more of Semi coke
      • will save ocean freight.
    • Target to Haldia & Kolkata
      • not anywhere else.
      • what customers for this
    • Customers for Semicoke
      • ArkneyPartney
      • HTV trading house
    • For HCFeCr
      • we need the lower P value (0.03 / 0.04)
        • prefer 0.009%
      • Anthony
        • we have found a plant that produces such low P
        • they have no stock.
        • they will start producing again next week.
        • P : 0.006 – 0.007 %
    • Anthony
      • Low P Semi Coke.
        • as low as 0.006
        • some customers will love it.
      • if we can get price idea from buyers side.
      • look to buy 3000-5000mt
    • Sunil
      • for Semicoke / Coke the lower the P the better.
      • everybody prefers extra low P
    • Met Coke Nut with extra low P
      • we haven’t purchased this before.
      • P lower than 0.02% is possible?
    • HCFeCr production from Balasore
      • inquiry asking for ~0.008%
      • they keep purchasing from china
      • China has this product.
        • also Colombia
      • Rizhao doesn’t know this product?
        • Anthony will check with them for Low P in Met Coke.
    • Cokeries are located
      • Shanxi
        • shipped to Tianjin
      • Shandong province
        • shipped to Rizhao/Qingdao
    • Must have product ready to ship before the end of June.
      • coke/semicoke for FeCr producers.
  • Sunil
    • Sponge iron
      • buys RB2/RB3
      • buys cheap material.
      • concerned with IGCV
      • will not buy met coke / semi coke.
    • Manganese Alloys
      • will be too expensive.
  • Summer
    • we need to sell all grades of coke
      • high / med / low coke
    • in haldia
      • can only get 7000mt order because we are limited in an area.
    • Anthony is to get 10-40mm offer
      • ship 3 vessels 150,000mt from Mexico to India several years ago.
  • Anthony – Coke in Tianjin port
    • P : 0.027%
    • S : 1.5%
    • Moisture : 0.2%
  • Summer
    • Shyam accepted from Tata
      • Mn ore
      • coal/Coke mix
      • had a reimbursement model.
        • doesn’t attract GST
      • Million Link doesn’t pruchase from them.
        • supply Mn ore
        • coke
    • Rim Jhim
      • acquired a FeCr plant in Odessa
        • possible take some coke.
      • stainless steel manufacturer
    • Super Smelter
      • buys Mn ore
      • Summer : have bought 1000mt of coke before
    • Jindal Stainless
      • uses stainless steel scrap
    • Jindal / JSL
      • has 3 million mt FeCr plant in Odessa
      • buys coke.
    • Bhushan
      • buy BF Coke
      • has own coke ovens
      • will still buy coke on the market
    • Rashmi
      • has a coke plant.
    • Bengal Energy
      • has a big coke plant.
    • Tirumala
      • into FeCro
      • so will buy coke.
    • Hira Ferroalloys
      • make Mn Allosy
      • won’t buy coke
    • Jindal Steel & Power
      • buy coking coal
      • has sinter plant.
        • buy met coke fines.
    • Anjaney
      • Mn alloys
    • Shivam
      • buy mn ore
      • one steel plant
      • sponge iron
  • CUSTOMERS
    • M.N. Dastur
      • consluting engineers… not an agent
    • Graphite India
      • CPC
    • Neo Carbons
      • CPC
    • Steelcast
    • Alcozin metals
    • Bharat Forge
      • Casting company.
    • Sterlite
      • aluminum manufacturer
    • MOIL
      • Mn supplier
      • 1.2million mt of Mn ore
      • state owned enterprise.
    • Singareni Colleries
      • state owned enterprise
      • big producer.
    • Biswanath Ferroalloys
      • plant has closed
    • INDSIL
      • 2 factories in India (south / Central)
      • LC FeCr & LCFeMn?
      • use extra low P coke.
    • Shah Sponge
      • had a stainless steel plant.
      • moved to sponge iron.
    • Sunflag Steel
      • was buying FeCr
      • purchased 1 full vessel of met coke
      • have a blast furnace
        • buys coke from outside.
    • Balasore Alloys
      • financially bad shape.
    • Amalgam Steel & Power
    • ARRK Ferroalloys
      • financially bad shape
    • Gallantt
      • manufacture rebar & rods?
      • TMT bars
    • Andrha Ferroalloys
      • small
      • maybe can work.
    • Elkem
      • electrode manufacture
    • Khemka
      • buys local coal & coke
    • Jai Balaji
      • we buy HCFeCr
    • ESL
      • belongs to vedanta group
    • Jayaswals
      • maybe coking coal
        • have own cokery
      • have their own iron ore mines.
    • SAIL
      • has their own central purchasing.
    • Kalyani Steel
      • buys coke sometimes.
    • Ramsarup
      • Shyam metallics taken over the plant.
  • Customers of Coke / Semi coke
    • need to send Sunil the Spreadsheet from GEM for Sinter
    • target for Met Coke Fines
    • Iron ore Pyrite
  • KONRADD
    • to add CUSTOMERS to FERROUS
    • to go through and update the interactive notes.
  • Transfers to Sunil Jha
    • Arcelor / Nippon in India

  • Mr Sunil Jha
    • excited to join Million Link
    • Million Link is widely known in India for the Mn alloys.
    • Born in India
    • School at Jesuit school
    • 2 post graduates
      • HR & Industrial relations
      • MBA
    • Marketing & Sales for leading Electronics company
    • Joined Tata in 1991
      • worked in various roles
      • HR / Admin / Commercial Sourcing / Sales
      • Ferroalloys plant.
    • 2001
      • moved to Kolkata (marketing & Sales office)
      • Mn ore / Iron ore / Chrome ore
      • Ferroalloys
      • Selling in Domestic & International.
      • sold Chrome alloys / Chromite in Asia.
      • Good relationship in China.
    • Tata Steel HK
      • 2015 – 2019
      • all sales going through HK office.
      • Iron ore mines in South Africa selling in China.
      • Tata Steel minerals Canada
      • FeCr / Mn Alloys
  • Summer
    • Sunil has a very good reputation in China.
  • Summer – Products to Focus on
    • Select Products
    • Select Customers.
    • Target – Primarily India.
    • Need to find workable Indian customers that aren’t being serviced
    • Mn Ore & Cr Ore
      • what to add to Million Link business.
    • Coal / Coke / Pyrites
  • Sunil
    • Eremet killing the Mn ore industry
      • raising prices so high.
      • now that South32 has left the market for 2024
  • Summer
    • driving the Mn ore price so high.
    • plants have 3 month inventory.
      • so raising the SiMn price up
      • from their inventory.
    • Bengal energy
      • 24,000mt Mn ore
      • factory is small
        • will use stock for 6 months
      • bought from us @ 3.4
      • we are now selling at 5.5
      • produce their own power.
  • Summer
    • selling in Visag @ 5.0
    • sold 8,000mt to 2 customers.
    • another 10,000mt to sell in Vizag.
  • Summer
    • at Halida we sold @ 5.2.… 5.5
  • Summer
    • asked Neha to stop offering until we setup a new price for this week
    • SiMn price in China has dropped suddenly.
    • Jinzhou price dropped from 9900 rmb -> 8600rmb
      • 8% drop
    • we will wait this week until the market stabilizes
    • Mn ore we supply to key customers.
      • sell price from low to high.
      • first order is the lowest price.
        • this is our priority customer.
        • reward our good customers.
      • second orders
        • should be a higher price.
        • even if the market goes down we shouldn’t lower the price.
        • we need to protect our priority customers.
  • Sunil
    • for reliable customers
      • approach them first.
    • then 60% sold to best customers.
    • 40% sold to opportunistic customers.
      • first time customers
      • try to sell at the maximum price.
  • Summer
    • Sales Auction System in Billionlink
    • Select the priority customers
      • select 1 – 2 customers in Visag
      • 1 customer in Haldia
      • offer the best prices to these customers.
      • all the customers we have good relationships with
    • Then select 2nd/3rd priority customers.
    • customers with the best performance.
      • personal relationship doesn’t count too much.
      • all based on performance.
    • if we have difficulty to sell, then we offer to others.
  • Summer
    • what customers do you have
      • Mn Ore?
        • customers we don’t currently service.
        • we can offer a small qty to them to develop them.
        • no difficult to sell Mn ore.
    • last year
      • we sold 6 vessels of 52,000mt each
      • 1 vessel every 2 months.
  • Sunil
    • Million Link should deliver the Mn ore with other products that we haven’t sold in India.
    • if 1 customer buys Mn ore.. then try to sell Pyrite & coal.
    • need to upsell other products to our Mn ore customers.
    • Summer
      • we have done something similar before.
      • all Mn ore buyers use Met Coke nut
        • we can favour that customer with Met Coke?
      • some people provide SiMn to Million Link based on CRU
      • will need to talk more on the actual policy / strategy.
  • Sunil
    • Coke/Chromium/Coal.
    • Colombian Coal
      • Summer:
        • don’t think there is a possibility for Colombian coal right now
        • need to start from BF Coke
        • Risun – big coke producer in China.
          • Summer knows the CEO/Financial manager/Sales GM
          • we are talking about investing several million USD in Risun.
          • so they are keen to work with Million Link
          • our request is we want exclusive for some customers in India
          • Risun are already selling to their own office in India.
            • JSW
            • Tata? Maybe?
    • Will speak with Tata for Coal/Coke
      • Mushan steel (tata steel group)
        • have a cokery … back in operation now
          • so less opportunity for coke.
        • buying a little qty of coke depending on the price in the market
      • will have to look for other steel plants.
    • knows the person who buys carbon for Tata steel.
      • in Singapore
      • everything comes under chief of procurement.
    • maybe approach small BF who don’t have Coke Batteries.
    • how much internal transport cost to the plants is important.
  • Summer
    • Risun has coke factory in Indonesia
      • Qingshan Industrial Zone
      • they supply coke from Indonesian… not China.
    • Qingshan has a financial stake 10-25% in all companies in the zone.
    • Risun
      • always has hard coke (high CSI)
    • BF coke : 30 – 90mm
      • FC
      • P
      • S
      • CSI
      • CSR
  • Summer
    • Risun willing to provide coke Nut to Million Link
    • want Sunil to work with Neha jointly.
    • Coke nut (10 -30mm) has big demand to supply to FerroChrome production.
      • does Sunil have a good contacts
      • Sunil : need a low P level for FeCr production.
  • Anthony
    • Low P Coke Nut?
      • Checking on Risun indonesia plant production.
      • not testing for P
      • S content : 0.6%
      • In china, most steel plants or Ferroalloy plants don’t request P content.
      • regular P
        • 0.04% usually
        • Sunil : this value is good
    • Semicoke
      • 0.02 -0.04 P : known as Medium P
      • anything lower than 0.009% is usable.
      • Ultra Low P : is highly requested by FeCr
      • VM around : 7 – 9%
      • Ash : 8 – 10%
    • There is Ultra Low P cargo in China.
      • VM 4 – 5%
      • P below 0.009%
      • S : 0.5 – 0.55% (below 0.6%)
    • Many high S Coke suppliers
      • S : 0.9 – 1.2% max
      • this is used in ferroalloy plants.
        • no issue in Ferroalloy production
        • Mn alloy Ferroalloys
      • For FerroChrome
        • need low S
    • If High S is acceptable
      • easy to get good quality cargo
      • with high FC
      • dry quenched
        • moisture lower than 1%
      • P : 0.02-0.03%
      • S : 0.9 – 1.2%
      • FC : ~86%
      • this cargo used in China Mn alloy plants.
    • Summer
      • do we have source of extra low P ~ 0.008%
      • Anthony: only from Semicoke
        • special origin
        • Small size
          • 8 – 18mm.
        • bigger size
          • 18 – 35mm
    • Summer
      • currently we have 2000mt available.
        • 8 – 18mm
        • P : 0.04%
        • S : 0.4%
        • Sunil
          • for FeCr production.
            • if VM is high … can handle if the P is low.
            • require higher quality materials.
          • Mn alloys
            • lots of coal with high P & S
            • not so important
              • unless making LCFeMn
      • we had 5000mt
        • we sold 3000mt for FeSi production.
        • Sunil
          • FeSi production uses wood Charcoal in India (easily available)
          • only big furnaces in Bhutan uses coke.
            • Summer: we have sold to Bhutan.
              • sold to Bhutan ferroalloys.
              • Ankit Pultney
  • Sunil
    • ferrotech
    • plant operating in Odessa province.
  • Summer
    • Impex ferroalloys
      • purchased by Maithan.
    • 2nd son : Rohit ferroalloys
      • purchased by Tata.
  • Sunil
    • Pultney
      • Bhutan Ferrooalloys gave to tata directly, not through Pultney.
      • Pultney is not an exclusive distributor.
    • 3 Ferrosilicon plants in Bhutan
      • 1 has converted to Mn ores.
      • they have cheap hydroelectric power.
  • Summer
    • Risun has philosophy
      • raised production of coke
      • in order to have bigger purchasing power for coking coal.
      • have good deals with coking coal miners.
      • purchased a qty bigger than what they use
        • selling as trading house in Hk.
      • if the purchase price is good we can sell their coking coal
        • sourced from
          • Australia
          • Russia (now suspended)
          • USA coking coal.
      • Coke is usually manufactured from 4 different sources.
    • Economically we sell Risun Coke from Indonesia.
      • China has 5% export duty
      • Indonesia has no export duty.
  • Anthony
    • Coke fines 0-10mm
  • Summer
    • in Visag Essar/Arcelormittal /Nippon steel AMNS
      • big pellet facility
    • what carbon do they use?
      • Coke fines
      • natural gas.
    • Sunil
      • believe they were using Coke fines
      • sold to Essar in ~2010
    • Summer
      • want to sell coke fines to them.
      • we have exclusive deal with Finland Iron Ore Pyrite
        • offering to Rashmi
        • Rashmi will assess our price compared to tender price in India.
    • Sunil
      • In India the fines are available right now
      • Summer
        • 65% Fe concentrate
        • we purchase from supplier with Platts discount.
        • we offered FOB Platts 65 : discount 46%
        • Sunil : they usually prefer to deal on Platts 62%
        • Summer: they preferred a fixed price.
    • Summer
      • Ocean freight
        • Anthony : USD 37 – 39 for reference
        • Sunil : freight is too high.
      • Haldia
        • discharge rate is very low, making the freight high.
  • Sunil
    • Rashmi buys 1,000,000mt fines every month.
      • biggest buyer
    • Other buyers.
      • 0.3million mt per month
      • for customers with pellet plants.
  • Summer
    • ocean freight is currently very high.
      • waiting for Red Sea tensions
      • then freight might go USD10 lower.
  • Sunil
    • from paradip
      • people buy their own rakes.
    • to haldia
      • customers use their own trucks.
      • Summer: can only go to Haldia after September.
        • lighterage rate is very high.
        • USD5 – 6 / mt
  • Summer
    • arcelormittal AMNS
      • may use this iron ore fines.
    • Sunil
      • on the western side
      • taking iron ore from southern india / eastern india
      • if we can sell to Western india
        • freight slightly cheaper.
        • can approach AMNS Hijira plant.
    • about 120 sinter plants in the world.
    • once we know the company name we can apply to the supplier to get an exclusive licence to deal with that customer.
    • without the sales exclusivity we cannot do
  • Summer
    • whoever works with the customer gets the commission.
    • if working with Rashmi, may not get full commission (because its Neha’s customer).
    • Sunil : that should be ok
      • also if can get some coking coal.
      • Summer : Neha has no customer for coking coal at the moment
  • Summer
    • Anthracite from Peru.
      • we get offers ,but never done a deal
      • still working on the price
      • trying to get a better price.
      • can arrange a meeting with Carlos.
        • will introduce
          • coking coal from colombia
          • anthracite.
  • Summer
    • Risun Met coke
      • coke fines.
      • Pyrite concentrate.
      • more workable for India
    • Met coke nut from China for India
      • Low P
      • for FeCr production.
  • Summer
    • always need to check financial strength of the supplier
    • need to have promise of exclusivity.
      • gentleman to gentleman agreement.
      • people don’t want legal written agreements.
    • assess the exclusive confirmation if agreement is trustable.
      • only move forward if trustable.
    • we don’t want to work without long term agreements.
    • sometimes we get offer from somebody who refused the cargo.
      • so willing to supply to somebody else.
  • Product information
    • Anthony to supply to Sunil
  • Subscriptions
    • can provide subscriptions to Sunil?
      • IMnI
      • Platts
      • Steelmint
      • Fastmarkets
      • CRU
      • Asian Metals
    • Summer : only have subscriptions for
      • CRU – SiMn & FeMn & FeSi
      • Anthony can provide the login.
      • we aren’t a member of IMnI anymore.
      • Platts doesn’t need login.
      • didn’t purchase fastmarkets.
      • Anthony: have cellphone account only for Steelmint.
        • can download PDF and share.
  • Summer
    • Carlos is going to visit iron ore facilities in Peru.
    • Konrad to setup meeting with Carlos.

  • Hired to work in Kolkata.
  • Has worked for Tata Steel
    • selling Tata’s Chrome ore to China
      • sold 2.5 million mt of Chrome concentrate from India to China.
      • total China import was 20 million mt.
  • Had discussions with him after he retires from Tata
  • Tata were selling high Ferrous Mn ore
    • competing with Million Link products.
  • Tata one of the biggest Iron ore miner.
    • mostly for internal use.
  • Anthony
    • Sunil Jha
    • he has worked for big steel companies.
    • has worked for Ferroalloy purchasing.
    • maybe if he can bring some new models that we haven’t been using.
    • try to find out the business models with big companies.
    • most of our business has been inquiry & offers.
    • if there is another business model to do business with big steel plants.
    • we had long term purchase contracts with india ferroalloy plants
      • some of these projects failed.
      • how does Tata do their purchasing.
      • can we try this model too.
    • Coke sales model.
      • possible to expand to Indian steel plants.
      • India is producing coke locally (from Australia/local coking coal)
      • Chinese coke still has a chance.
  • Luna
    • Background of Mr Sunil
    • our weakness is on long term contracts.
    • if he has experience in big companies and producers.
    • want to learn from his experience for FeCr to China.
    • we bought FeCr from India to China, but we don’t have competitive edge.
    • Anthracite
      • our supplier is not very reliable.
      • we need to establish a qualified supplier.
      • promote this product to indian market.
    • Chinese Ferraolloys
      • export to india.
      • we need to register as a supplier at an Indian steel plant.
      • EMM
      • FeSi
  • Neha
    • will welcome the new India ideas.
    • no development on Steel plants.
      • eg EMM sold to JSW? – small qty
      • we couldn’t get long term business.
    • encourage the new products to the company.
    • Coke 25 – 80mm (bigger size)
      • need to get offers.
    • Anthracite
      • Carlos offers … due to high freight.
      • offers not competitive
    • Iron ore from Finland.
      • promoted to Rashmi.
      • waiting for auction from Odessa mines.
  1. CV of Sunil Jha
  2. Role / Job Description
    • What will be his job/role in Million Link
  3. Employee Induction.
    • how to bring him on board efficiently.
    • how would the traders like to collaborate with him
  4. Documentary Secretary
    • who will be his document secretary?
  5. He has experience
    • Mn ore
    • Chrome ore
    • Iron ore?
  6. Will have his own Serviced office in Kolkata.
    • will either have Seema as assistant
    • or somebody else.
  7. His role in MILLION Link
    • won’t work with Mn ore from Gabon
    • work as an advisor for Million Link
    • help to restart Chrome ore/FeCr business.
      • India doesn’t export anymore.
    • Job title :
      • work for foreign business fields
      • met coke
        • supply to India.
        • blast furnace coke.
      • register Million Link with the Steel plants.
        • SAIL
        • Jindal
        • Tata
      • Met Coke will be his main role.
        • busan
    • Finland Iron Ore.
      • Rashmi – Neha responsible.
      • Sunil responsible for developing with other companies.
      • Steel companies always link with each other.
    • Iron ore.
      • knowledge in iron ore is extensive.
      • developing Iron ore market from India.
  8. We want to strengthen our sales
    • Met coke
      • currently doing Breeze
      • want to do BF Coke
    • we aren’t doing any business from Scratch.
    • any purchase person we hire
      • that person needs to do business together with the other traders.
      • the new person will help to do bigger and better.
  9. Management
    • Million Link has a unique management model
    • we won’t use Sunil Jha as a higher manager
    • will report to the board of directors.
    • will not report to Anthony or Neha directly.
  10. Sales role
    • Sunil’s role is for sales & procurement
    • BF coke may take time to succeed.
    • we have given him 6 months for onboarding.
    • his main income will come from business success.
  11. Contract start 3rd June (Monday)
    • Meet 4pm
  12. Office
    • will be his own independent office in Kolkata.
    • will have his own secretary
    • need to spend time with Neha & her customers?

Training Required

  • Communication between traders.
  • how to prepare resources for the traders.
  • what can he can do for the Million Link traders
    • what does he require from Million Link
  • Need feedback from Million Link traders as to how best he can help them.

CV Sunil Jha

Head-Ferro Alloys (Sales & Conversion) – Ferro Alloys and Minerals
Division at Tata Steel
India

Summary

Experienced leader with thirty plus (30+) years of diversified experience in functional areas of Ferro Alloys and Minerals Business with extensive knowledge in handling key bulk commodities like Iron Ore, Manganese Ore, Chrome Ore, Coal, Coke and Ferro Alloys.

Proven track record in sales, business development and leadership roles within India as well as international markets with experience in independently running a Trading Company overseas – have four years stint of Heading Tata Steel Asia (Hong Kong) Ltd based out of Hong Kong.

Passionate about driving growth and delivering results in dynamic, competitive landscapes.

Experience

Tata Steel Ltd

  • Head-Ferro Alloys (Sales & Conversion) – Ferro Alloys and Minerals Division
    • July 2019 – March 2024 (4 years 9 months)
    • Kolkata, West Bengal, India
    • As the Head of Sales and Conversion activities for the Ferro Alloys and Minerals business of Tata Steel responsible for sales Ferro Alloys and Minerals (Manganese, Chrome, Coal/Coke) in India.
    • Managed the unique model of tolling (conversion) for production of Refined/Bulk Manganese Alloys and Coke.
    • Further developed system processes and customer base for the sales of Iron Ore and Low-Grade Manganese Ore along with scaling up the business to a consistent level.

Tata Steel Asia (Hong Kong) Limited

  • General Manager
    • November 2015 – June 2019 (3 years 8 months)
    • Hong Kong
    • Headed Tata Steel Asia (Hong Kong) Ltd as the General Manager overseeing all aspects of company operations, with a focus on business development and marketing of Ferro Alloys, minerals and other bulk commodities across China, Far East, and South East Asian countries.
    • Trusted with the responsibility for achieving top line growth, managing P&L, ensuring full compliance with statutory regulations for an overseas company, and reporting directly to the Board of Directors.
    • Was pivotal in exponential growth ~2X growth of the organization during my tenure.

Tata Steel

  • 24 years 5 months
  • Sr Manager – Exports
    • 2007 – November 2015 (8 years)
    • Responsible for Marketing and Sales of Ferro Alloys, Chrome Ore and Iron Ore in International market from booking to shipment including documentation, other back-end activities related to it.
    • Established Mn Alloys Export business in International market under challenging conditions with major Steel mills of the world including JFE (Japan), POSCO (Korea) besides Tata Steel Thailand, NatSteel Singapore, etc.
  • Manager
    • July 1991 – June 2007 (16 years)
    • Various locations in India.
    • Various roles as per organisational need in Marketing & Sales, HR,
    • Commercial, Sourcing, Contracting for facilitating port related activities, etc for export/ international sales.
  • Onida Branch Manager
    • November 1987 – July 1991 (3 years 9 months)
    • Various locations across India
    • Marketing and Sales of ONIDA brand electronics and consumer durables such as TV, Audios, Washing machine, Air Conditioners, etc.

Education

  • Magadh University (LNM Institute, Patna), India.
    • Master of Business Administration – MBA · (1987)
  • LNM Institute, Patna, India.
    • Post Graduate Diploma in Personnel Management & Industrial Relations. · (1985)
  • Ranchi University (Cooperative college, Jamshedpur)
    • Bachelor of Arts – BA Honours, Economics · (1984)
  • Loyola School Jamshedpur
    • ICSE, High School · (1979)

  • European customers complaining that prices are very high.
    • FeSi
      • 75% – 1420€ EXW duty paid
      • 72% – 1320€ EXW duty paid
      • 70% – 1220€ EXW duty paid
    • FeMn
    • FeSiMn
    • customers waiting until prices stabilize
  • Lots of inquiries for Ferroalloys from Europe
    1. 1000 mt fesimn Mn min 65 p max 0,35 10-50 mm
    2. 300 mt fesimn Mn min 64 p max 0,35 in size 3-10 mm or similar
    3. 300 mt fesimn Mn min 64 p max 0,35 in size 0-3 mm or similar deliveries required june- december 2024 successively
    4. 750 mt fesimn mn min 65, P max 0,25 10-50 mm
    5. 1450 mt FeMn HC mn min 72, P max 0,25 10-50 mm
    6. 650 mt FeSi Si min 72, Al max 2, 10-50 mm
  • Anthony
    • European freight rates are very high right now.
    • Not worth to give an offer.
  • Efaco – FeSi Producer in Egypt
    • big purchaser of SemiCoke (20,000mt+)
    • can supply with FeSi but currently sold out till Aug
      • can supply in Sept
  • Looking for FeSi offers from India
    • cheapest FeSi
  • No market update?
  • Anthony/Neha/Luna – say price is very high
  • Steel plants Malaysia
    • said our prices are too high.
    • Price indications from Steel Factory
      • HCFeMn ~ 1080
      • FeSi – 1120
    • Million Link current prices for Malayisa?
      • HCFeMn – 1260 CIF
  • Interested in the SiMn price in Brazil & South America.
  • from Brazil on 16th
    • 65/14 1280
  • SiMn
    • 65/16 : Indian price ~ 1180 FOB
    • freight is the problem right now.
    • most lines are not offering validity on freight especially from Asia -> Eruope/Africa/America
    • hard to get a firm offer
  • when offering to the buyer need to check the validity of the freight.
    • readiness date of the cargo
    • can only send a firm offer if that matches.
    • we face the problem that the freight tis only valid for 1 week.
    • but cargo readiness in 2 weeks
    • container rate is rising day by day
    • MUST double check freight.
    • market isn’t clear
    • container shortages.
  • Mn Ore
    • price keeps rising.
    • we expect more price idea from the buyers side.
    • right now we have the supplier offer, but don’t know the price the buyers are accepting.
    • Comilog July shipment to China : USD 8.3
      • rise of ~ USD 1.4 (June price was 6.9)
  • EMM
    • we haven’t start the promotion yet.
    • the price is still too low
    • market hasn’t risen enough yet.
    • we should just wait until June (1 – 2 weeks).
    • Mn ore price is jumping again.
  • easy to get an offer
    • but the price idea from the customers is more difficult to get.
    • we need to check with the buyers.
  • Eremet raised the prices for china 0.3
    • will stabilize in 1 – 2 weeks.
    • alloy prices aren’t following the Mn ore prices yet
  • we have stock cargo of SiMn which we will be able to sell.
  • Mn alloys
    • last week we bought 65/16 @ 1180
    • still waiting for the buyers to accept the higher prices.
  • looking for stock for HCFeMn from India
    • Neha : no stock anymore.
    • we have SiMn 65/16
      • have to setup the price for the sale
      • will create the sales auction this week.

  • Brazli Supplier
    • Ecocidades
  • Kian has checked their credibility
    • not huge production
    • < 10,000mt per month
    • up to 120,000mt per year.
  • Talking about a second project
    • AMN authorization problem for export licence.
    • cargo in Vila do conde
    • AMN will not give authorizations
      • Buritirama claim miners are robbing material from their mining areas
      • so there are police confiscations.
    • some material meant to be loaded on vessels.
      • due to environmental/criminal reasons vessels not loaded.
  • Ecocidades
    • has good contact with AMN
    • have increased the documentation requirements.
      • prove material is good
      • prove material is not illegally mined/owned.
    • problem to move material out of Vila do conde.
    • only 1000mt in container shipment
      • don’t know if he has permission to sell the 1000mt.
    • Thyssenkrupp haven’t booked with this company yet.
    • Million Link put Kian in contact
      • Alexander sent offer directly to Million Link
      • how TK require a price
    • need to have a strict routing of communication.
    • Kian isn’t a trader.
      • only a contact in Brazil.
    • Million Link should put all correspondence through Sascha.
    • Million Link found the supplier.
    • Million Link has the right to book with the supplier directly.
    • Ecodiades is giving offers
      • 4.80 offer
      • CIF Haiphong?
    • If Million Link want TK to act as an intermediary
      • then TK need to negotiate on their own account & invoice.
      • then TK will offer price to Million Link
    • mixup between the product specs
      • fines / lumps?
    • Payment terms are OK with the suplier
      • 50% up front.
      • balance of 50% against B/L & quality report.
    • TK
      • require 100% payment from ML
      • loading quality as final .
      • TK want 100% back to back.
      • try to convince Alexander to accept a claim clause.
        • so the risk is manageable.
      • the quality is looking good
        • 44 – 46% so far.
        • Mitra sampling.
      • at Haiphong
        • want Million Link to use Mitra.
        • WILL NOT USE SGS
        • TK will not accept SGS
        • Mitra @ load and discharge
        • will not accept CIQ in China.
  • Sasha
    • only want to start with 1000mt to Haiphong.
    • need a firm bid from Million Link
    • Sasha will handle the trade
    • If Mabroor can put a bid clearly in by email.
    • want to avoid confusion.
  • Anthony
    • the business model.
      • Million Link will trust ThyssenKrupp only
      • Thyssen has to be responsible for everything at the loading port.
        • credit control
        • material quality.
      • if Thyssen has confidence in this material / quality / price.
        • then Million Link will sign contract with Thyssen only.
    • Inspection.
      • problem with SGS last time.
      • if MitraSK –
        • BV might be better choice?
      • cargo intends to sell to Vietnam.
      • if the cargo we want to sell to china, CIQ is the only choice.
      • for spot cargo, we are trying to sell to Vietnam.
        • can we use BV ?
    • Payment
      • advice we do the original payment terms… 90/10?
      • 50% advance to the supplier
        • 50% on B/L?
      • if Million Link trust TK only
        • then all quality control in TK hands.
        • so we go back to LC payment terms.
        • against documents
        • against cargo inspection.
  • Summer
    • we can pay 50% up front.
    • but if the cargo is not qualified, then TK is responsible.
  • Sascha
    • payment up front isn’t the problem.
    • will not work on 90/10 basis.
      • 10% discharge port final.
    • the supplier doesn’t want to deal with 10% discharge.
    • if there is a quality claim TK will negotiate
    • TK’s terms to the supplier
      • 50% upfront
      • 50% on loading documents.
      • supplier refuses any discharge loading terms
    • TK will take a risk
      • will trust Mitra quality at load port.
      • if 100% load port final
        • don’t only rely on seller inspection (Mitra)?
        • can possibly do a second load port inspection supervised by Kian (not Mitra).
      • TK are not able to give 90/10 if they are paying 100% to the supplier when the vessel sails.
  • Summer
    • how to control quality at loading port?
    • Inspection in China is trustable.
    • Sascha
      • will send their own inspection company, and pay for it themselves.
      • be able to keep an umpires sample.
      • do not want claims on discharge port.
  • Sascha
    • BV – had beach iron contract
      • didn’t find BV did a good job.
    • the more inspections we do, it will have to be reflected in the final price.
    • have to ship to Haiphong.
    • Believe that SGS has a big bribery problem in Brazil now.
    • Believe htat Alexander is a good miner.
      • but unorganized.
      • Kian
        • has a good track record in Brazil
        • up to 120,000mt per year.
        • has been trading for 6 years.
  • Kian
    • for the coke busines
    • if we have results based on loading report.
      • eliminates risk ??
    • will be there on shipment date with the inspection company.
      • will be double checking the inspection company.
    • they take a test from each container.
      • then take an average
    • CIQ would be the problem.
  • Mabroor
    • what if we authorized MitraSK & take the samples.
    • we then send samples to SGS as well.
    • Sascha
      • will not accept any results from SGS
  • Summer
    • seller appointed MitraSK to inspect cargo
    • Buyer appoints BV or another company to supervise / coordinate the sampling.
    • once the sampling is finished.
    • both parties test the sample.
    • sampling will be the main place to see a problem.
      • the lab testing isn’t the real problem.
    • Sascha
      • does Million Link want to appoint their own inspector?
    • In the past we didn’t use a supervisor, we used a witness.
    • we have a higher percentage in Brazil failed.
      • very ugly.
  • Sascha
    • the offers coming from the supplier are a bit of a mess
    • his administration appears poor.
    • if we can agree on price, we can book the 1000mt quite quickly.
  • Summer
    • Brazil business, don’t want to do Brazil business right now due to quality.
    • think we should discard this business and look at other opportunities.
    • We want to do bigger business opportunities with TK

  • Either
    • use your Task Notification
    • or use Sales -> Sales Auction
  • Should have a “Sales Auction” menu option under “Sales”
    • Janita
      • need to have the menu option
  • Load the Telephone Tasks
  • Need to put all feedback in “Reply Content”
    • purchase plans
    • product information
  • Summer
    • does everybody have Sales Auction in Billionlink?
    • NO
      • not everybody.
    • Baku Steel
      • this company setup Ferro Silicon plant
        • using Semicoke
        • most FeSi plants use Semi Coke.
    • deadline is 24th May
    • if we cannot sell Semi coke out.
      • we will need to add more customers in.
  • Collection
    • used by sales auction organizer
      • marked to Y if we have Semicoke for sale next time, we will copy the tender to build up the new tender.
  • Summer
    • will add a performance satisfaction level.
    • every customer needs to be given correct feedback.
  • Manganese Metal Flake
    • 500mt @ a good price.
    • we believe SiMn price has reached the level, the flake price will catch up
  • Make sure to only offer Price Idea
    • then Anthony will make the final decision.
    • don’t mention how much material we have in stock.
      • but you can mention if they ask.
  • Draft English Invitation letter.
    • for EMM
  • Neha/Charles/Anthony/Konrad
    • need to discuss offer of Iron ore to Rashmi
  • 200,000mt freight to India
    • destination Finland origin is Bhuamara
  • Discuss offer price for Rashmi
    • need to offer FOB price discount based on Platts ocean freight
    • the supplier gives us the prices based on the shipment.
  • Summer
    • we can offer 70,000mt ± 10% at seller’s option.
  • Anthony
    • supplier offered us
    • need to change

  • In April a cyclone pushed a shop into the loading dock of South32’s mine in Australia
    • mine supplied ~ 20% of the market?
    • closed till end of year.
    • caused a spike in the price of Mn.
  • Anthony
    • Mn market is much stronger.
    • FeMn / SiMn prices are rising.
  • end of April : price is around 900
  • Now India market price is 1200 – 1300
  • Market is a little soft
    • customers are not accepting such higher prices.
    • price has jumped 20 – 30% in 10 days.
    • a few customers are now accepting
      • higher mn ore price
      • higher SiMn prices.
    • in 1 – 2 weeks, by end of May, customer will accept the new price level.
    • price is expected to keep going up .
      • in 1-2 weeks all the new cargos will be much higher in price.
  • Neha
    • many still making 60/14
    • market stable for FeMn 75 & SiMN 65/16 for export market.
  • Mabroor
    • Mn ore price have increased a lot
    • no producerse are buying Mn ore right now.
    • have 1000mt Mn ore sitting at port in Vila do conde
    • all the producers in Vietnam & China.
      • the prices are too high.
      • we have offer the cargo for 5.5 dmtu haiphong.
      • the producers in Haiphong look at the prices 5.2 – 5.3 for 46% Mn ore.
      • Mn ore producers in Brazil
        • looking for the prices 7.5 USD CFR for 45%
      • massive differnece in price epxectations.
    • Most of the customers are not interested in buying right now.
    • Pakistan buyers are optimistic that the prices won’t continue to go up.
    • Zambia producers
      • USD1170 CFR Port Qasim.
      • but buyers in Pakistan won’t purchase at that level
    • Autlan
      • getting a lot of inquiries from Europe / Asian countries for SiMn
      • looking for prices more than 1300 CFR
      • but they aren’t successful in selling for that price.
  • we have purchased EMM flakes – 500mt
    • we are selling it to Asia/Euro market
    • USD2000 or higher in price.
      • no sales yet
      • waiting for buyers to accept prices above USD2000
      • current spot price for EMM is ~ 1950 – 2000
    • we are waiting for the market to continue to rise.
  • Mn alloy prices are rising
  • With regards to sales of Iron Ore Pyrite
    • best opportunities is to Sinter plants who are near a major port.
    • Roasted Iron ore pyrite is in the form of fines.
  • Map of Sinter Plants
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Million Link is an International Trading Group based out of Hong Kong with branches in Tianjin (China), India, Pakistan, Peru, USA and Egypt.
We specialize in Ferroalloys and have been supplying raw materials to the Steel Industry since 1997.
We are ISO 9001:2015 Quality Management System certified and we are an A-Licensed exporter of FerroAlloys.
Updated : 2025-07-05