ArcelorMittal Goonyella Coking Coal tender on Feb 15, 2022 through Platts MOC

ArcelorMittal Sourcing, the trading arm of ArcelorMittal, intends to issue on Feb. 15, 2022 an open expression of selling interest for Australia's premium medium volatile matter coking coal, Goonyella Coking Coal.

The tender will be facilitated by S&P Global Platts metallurgical coal Market on Close price assessment process, with firm bids for full cargo to be published as headlines on fixed page 0700 of the real-time Platts Steel and Raw Materials Alert, and communicated to Platts' market-wide list of coking coal contacts via email.

ArcelorMittal Sourcing intends to offer 72,000 mt (+/- 10%) of Australian premium mid vol Goonyella Coking Coal, with a March 1-10 laycan. Load port will be Hay Point/DBCT in seller's option. Other terms as per usual BHP terms.

Platts will publish firm bids received from ArcelorMittal Sourcing's customers latest by 4:45pm Singapore time (0845 GMT). Subsequently, only price changes can be made until 5.30pm. Bids are to be communicated to Platts through existing communication channels.

Bids will be published as "Buyer 1", "Buyer 2", and so on. Any final awards will be made transparently, with the name of the successful buyer(s) to be confirmed and published.

Published bids may be updated in accordance with Platts incrementability standards for Australian premium mid vol coking coal cargoes at a maximum increment of US$2/mt and a minimum increment of US$1/mt per 5 minutes from 4:45pm until 5:30 pm Singapore time (0930 GMT), after which no further changes will be published.

Bids may be submitted via email PL_CokingCoal@spglobal.com, or by instant messaging via Whatsapp, Wechat or other channels. Platts editorial team would be reachable at +65 9029 0631. Bids will be published in the following format: ARCELORMITTAL GOONYELLA TENDER: Buyer 1 bids $xxx/mt FOB Australia for Goonyella, laycan 1-10 March, 72kt on Panamax.

Final bids standing at 5:30 pm will have validity until 6 pm Singapore time (1000 GMT) on the day of tender. For further details, contact PL_CokingCoal@spglobal.com and pricegroup@spglobal.com. For any enquiries related to ArcelorMittal Sourcing, contact Alessandro Poli alessandro.poli@arcelormittal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available to the public upon request.

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Tender details:

Seller: ArcelorMittal Sourcing

Buyer: Best bidder, subject to ArcelorMittal Sourcing final approval

Quality: Goonyella Coking Coal

Quantity: 72,000 mt; +/- 10% shipping tolerance

Laycan: March 1-10

Loading port: Hay Point/DBCT in seller's option

Other terms: as per usual BHP terms

Award: Award will be decided and finalized by ArcelorMittal Sourcing. For queries on the tender, please contact alessandro.poli@arcelormittal.com in suitable time prior to the closing.