ArcelorMittal Peak Downs/BMA PLV Coking Coal tender on April 5 through S&P Global Commodity Insights MOC

ArcelorMittal Sourcing, the trading arm of ArcelorMittal, intends to issue on April 5 an open expression of selling interest for Australia's premium low volatile matter coking coal, Peak Downs/BMA PLV Coking Coal.

The tender will be facilitated by S&P Global Commodity Insights 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 S&P Global Commodity Insights Steel and Raw Materials Alert, and communicated to S&P Global Commodity Insights' market-wide list of coking coal contacts via email.

ArcelorMittal Sourcing intends to offer 70,000 mt (plus/minus 10%) of Australian premium low vol Peak Downs/BMA PLV Coking Coal at seller's option for May 5-14 laycan. Load port will be Hay Point/DBCT at seller's option. Payment terms will be BL plus 10 days by TT. Contract Note and GTC as per latest spot BHP version with logical amendments.

S&P Global Commodity Insights will publish firm bids received from ArcelorMittal Sourcing's customers latest by 3:15 pm Singapore time (0715 GMT). Subsequently, only price changes can be made until 4 pm. Bids are to be communicated to S&P Global Commodity Insights through existing communication channels.

S&P Global Commodity Insights will publish bids only for full quantity (70kt plus/minus 10% shipping tolerance) and for fixed price only. Bids for partial quantity, or index-linked, or combined index-linked and fixed-price will not be published.

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 US$2/mt and a minimum increment of US$1/mt per 5 minutes from 3:15 pm until 4 pm Singapore time (0800 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. S&P Global Commodity Insights editorial team would be reachable at +65 9029 0631. Bids will be published in the following format: ARCELORMITTAL Peak Downs/BMA PLV TENDER: Buyer 1 bids $xxx/mt FOB Australia for Peak Downs/BMA PLV, laycan 5-14 May, 70kt on Panamax.

Final bids standing at 4 pm will have validity until 5:30 pm Singapore time (0930 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 S&P Global Commodity Insights for public viewing. S&P Global Commodity Insights 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: Peak Downs/BMA PLV Coking Coal at seller's option

Quantity: 70,000 mt; plus/minus 10% shipping tolerance

Laycan: May 5-14

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

Payment terms: BL plus 10 days by TT

Contract Note and GTC as per latest spot BHP version with logical amendments

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.