ArcelorMittal Sourcing Illawarra coking coal sell tender March 1 through Platts

ArcelorMittal Sourcing intends to issue March 1 an open expression of selling interest for a 42,000 mt (plus/minus 10%) cargo of Australian premium mid volatile matter (PMV) coking coal, Illawarra.

The tender will be published by Platts, part of S&P Global Commodity Insights, 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 a cargo of 42,000 mt (plus/minus 10%) of Illawarra coking coal, for March 24 to April 2 loading laycan.

Further details are provided below.

Platts will publish a first intraday value at 2 pm Singapore time, reflecting information available to Platts prior to that point to reflect the tradeable value at that time. A second intraday value will be published at 4:15 pm Singapore time as usual, to reflect the tradeable value at that time.

Platts will publish firm bids received from the market latest by 3:15 pm Singapore time. Subsequently, only price changes can be made until 4 pm.

Companies must provide the following details when submitting their bids to Platts for publication:

Full Company (entity) Name:

Bid Price: $xxx/mt FOB Australia (Port Kembla)

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 at a maximum increment of $2/mt and a minimum increment of $1/mt per 5 minutes from 3:15 pm Singapore time until 4 pm, after which no further changes will be published.

Bids may be submitted via email to pl_cokingcoal@spglobal.com or by instant messaging via WhatsApp, Wechat or other channels.

Platts editorial team will be reachable at +65 8139 2353.

Bids will be published in the following format: ARCELORMITTAL SOURCING ILLAWARRA COKING COAL TENDER: Buyer 1 bids at $xxx/mt for 42,000 mt (plus/minus 10%) Illawarra coking coal, March 24 to April 2 loading laycan, FOB Australia (Port Kembla)

Final bids standing at 4 pm Singapore time will be valid until 5:30 pm on the day of tender.

For further details, please contact pl_cokingcoal@spglobal.com and pricegroup@spglobal.com.

For any inquiries related to ArcelorMittal Sourcing, please contact Porwal, Tarun, tarun.porwal@arcelormittal.com or Poli, Alessandro, 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: Subject to ArcelorMittal Sourcing's final approval

Quality: Illawarra

Producer: South32

Incoterm: FOB

Loading laycan: March 24 to April 2

Quantity: 42,000 mt plus/minus 10% shipping tolerance

Load port: Port Kembla

Payment terms: within 10 days after Bill of Lading (BL) by Telegraphic Transfer (TT)

Bid Price: $xxx/mt FOB Australia

Other terms as per usual terms and conditions of Seller.

Award: to be decided and finalized by ArcelorMittal Sourcing by 5:30 pm Singapore time on the day of tender.

For queries on the tender, please contact Porwal, Tarun, tarun.porwal@arcelormittal.com or Poli, Alessandro, alessandro.poli@arcelormittal.com in suitable time prior to the closing.