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TMT Bars (Saria)

About TMT

India is the fourth-largest producer of crude steel (up from eighth in 2003) and is slated to become the second-largest steel producer by 2016, as large public and private sector players strengthen steel production capacity in view of rising demand. The market value of the Indian steel sector is expected to reach US$ 95.3 billion by FY16.Driven by rising infrastructure development and growing demand for automotives; steel consumption is expected to reach 104 million tonnes (MT) by 2017. Infrastructure is India's largest steel consumer, accounting for 63 per cent of total consumption in FY12.Steel production in India has increased at a compound annual growth rate (CAGR) of 7.9 per cent over FY09–14 to record 81.54 mtpa. The industry capacity is expected to increase to 112.5 MT by FY16. Total domestic demand for steel estimated at 113.3 million tonnes per annum (MTPA) by 2016-17.

Market Size

Steel production capacity of the country expanded from about 75 million tonnes per annum (MTPA) in 2009-10 to about 101.02 million tonnes (MT) in 2013-14, when output was 81.7 MT.India produced 7.07 MT of steel in January 2015 reporting the fourth highest production level globally which was 1.7 per cent higher than the country's steel production in the same month last year.

The steel sector in India contributes nearly two percent of the country's gross domestic product (GDP) and employs over 600,000 people. The per capita consumption of total finished steel in the country has risen from 51 Kg in 2009-10 to about 60 Kg in 2013-14.

TMT Bars Manufacturers, Suppliers & Traders

S.no Logo Company Name Company Location Area of Operation
1 Tradologie SAIL

Year of Establishment : 1954 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 85145 View More...

Delhi NCR Delhi NCR
2 Tradologie Tata Steeel Limited

Year of Establishment : 1907 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 80000 View More...

Delhi NCR Delhi NCR
3 Tradologie Jindal Panther TMT Rebars

Year of Establishment : 1952 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 15000
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Delhi NCR Delhi NCR
4 Tradologie JSW Steel Ltd

Year of Establishment : 1982 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 11102
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Delhi NCR Delhi NCR
5 Tradologie Rashtriya Ispat Nigam Limited

Year of Establishment : 1971 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 17000
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Delhi NCR Delhi NCR
6 Tradologie Rathi Industries Ltd

Year of Establishment : 1991 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 250
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Ghaziabad, UP Delhi NCR, UP, Haryana
7 Tradologie Rathi Bars Ltd

Year of Establishment : 1993 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 200
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Bhiwadi Haryana, Delhi NCR
8 Tradologie Shree Sidhbali Steel Ltd

Year of Establishment : 1998 Nature of Business : Manufacturer Legal Status of Firm : Limited Number of Employees : 170
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Muzaffarnagar, UP UP, Delhi NCR
9 Tradologie Bharat Steel Rolling Mills

Year of Establishment : 1969 Nature of Business : Manufacturer Legal Status of Firm : Private Limited Number of Employees : 300
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Muzaffarnagar, UP UP,Delhi NCR
10 Tradologie Regency Ispat Pvt. Ltd

Year of Establishment : 2006 Nature of Business : Manufacturer Legal Status of Firm : Private Limited Number of Employees : 100
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Maharashtra Thane, Maharashtra

Product

This document pertains to the trade of Steel TMT Bars on Tradologie.com as per the specifications, Timelines and Terms and Conditions Set Forth.

Grade

The buyer shall have the option to request for quotes for the following standard grades of TMT Bars

  1. IS 1786:2008 Fe 415 Grade
  2. IS 1786:2008 Fe 415D Grade
  3. IS 1786:2008 Fe 500 Grade
  4. IS 1786:2008 Fe 500D Grade
  5. IS 1786:2008 Fe 550 Grade
  6. IS 1786:2008 Fe 550D Grade
  7. Other Specification

Quotes and Deliveries of Steel Ingots for any of the above mentioned standardized Grades shall be required to conform to BIS or Equivalent International Standards. For Other Specification, the Sellers shall be Required to Offer Quotes and Delivery Conforming to the Specifications mentioned by the Buyer.

Size

While Raising enquiry, the buyer shall need to provide Diameter wise requirement for TMT bars. The following TMT size specifications shall be available in the drop-down menu

  1. 8 mm TMT Bar
  2. 10 mm TMT Bar
  3. 12 mm TMT Bar
  4. 16 mm TMT Bar
  5. 20 mm TMT Bar
  6. 25 mm TMT Bar
  7. 28 mm TMT Bar
  8. 32 mm TMT Bar

Other Quality Specification

Unless Specified, the sellers shall need to quote rate & deliver material in standard 12 metre length. For orders below 25 MT, rates shall be quoted for material in Bend state and material shall also be mandatorily delivered to the client in bend shape whereas, for orders of 25 MT and above, rates shall be quoted for material to be delivered in straight length on trailers.

Delivery Unit

TMT bars can be bought in the Multiples of 1 Metric Tonne (MT) from the Tradologie Platform with 20 MT being the Minimum Order Size.

Quotes

Rates shall be Quoted for 1 MT of Steel TMT Bar inclusive of All Taxes, freight till the delivery location, insurance and all charges pertaining to delivery.

Payment Obligations

Payment Obligations can be completed by the buyer using 2 Routes for purchases made through Tradologie.com

  1. ESCROW Account maintained by Tradologie.com
  2. Line of Credit (LC) in Favour of Seller

The Route being preferred by the buyer shall need to be intimated at the time of setting up of Enquiry. In Case of LC route, Buyer shall need to specify Bank opening the LC and upload sample LC format at the time of Setting up enquiry.

Delivery Logic

Buyer can Specify whether he shall be requiring the complete material together or shall be accepting Partial Shipments. The Buyer shall also be at Liberty to specify his Priority of Material at the Time of Floating of Enquiry.

The Sellers are Bound to adhere to the Delivery Logic Specified by the buyer and the sellers should ensure that the complete material is dispatched before the last date of Dispatch.

Currency of Trade

The Currency for Trade shall be INR for Domestic Trade in India.

Time Periods

The following table specifies the time slots applicable to various activities performed on the site TRADOLOGIE.COM for the Purchase of TMT Bar. The Time frame till Completion of Buyer Payment obligation through the LC Route is as below:-

Module Activity Responsible Time Available Notes
Enquiry Setup Pay Performance Guarantee Deposit Buyer At the Time of Setting up of Enquiry  
LC Pay Performance Guarantee Deposit (PGD) +participation fees to participate in the negotiation Seller Till one minute prior to completion of the live negotiation session A seller can make payment of Performance Guarantee even 1 Minute Prior to close of Negotiations
LC Give Counter Offer Buyer Within 15 Minutes from the End of the Negotiations Buyers can provide Counter Offer to Maximum 3 preferred Sellers.
LC Accept/Reject Counter Offer Seller Within 15 Minutes of Receiving the Counter Offer In Case of No Response, the Counter Offer shall be automatically rejected at the end of 15 Minutes.
LC Place order after completing negotiation Buyer 3 hours The prices quoted by seller are firm for 3 hours prior to Close of Negotiation Window
LC Accept the order terms Seller Within 6 hours of completion of the negotiation The order shall be deemed to be accepted if the same is not accepted by the seller within the stipulated time. In case of any issue, the seller is to contact helpdesk@tradologie.com before the end of the stipulated period.
LC Create the PO after seller accepts order terms. Buyer 24 hours In case the PO is not uploaded, the same shall be deemed as default of the buyer.
LC Accept PO & Download Identification Proofs Seller 3 hours after the buyer uploads the PO. If the seller does not accept, then the order is automatically accepted at the end of day.
LC Upload LC Buyer Within 3 working days upon the acceptance of the PO by the seller.  
LC Accept LC Seller Within 3 days after the buyer uploads the LC in favour of the seller. Seller must get the LC validated and approved by his bank within 2 days.
ESCROW Pay PGD+ participation fees to participate in the negotiation Seller Till one minute prior to completion of the live negotiation session  
ESCROW Place order after completing negotiation Buyer 3 hours The prices quoted by seller are firm for 1 hours prior to Close of Negotiation Window
ESCROW Give Counter Offer Buyer Within 15 Minutes from the End of the Negotiations Buyers can provide Counter Offer to Maximum 3 preferred Sellers.
ESCROW Accept/Reject Counter Offer Seller Within 15 Minutes of Receiving the Counter Offer In Case of No Response, the Counter Offer shall be automatically rejected at the end of 15 Minutes.
ESCROW Accept the order terms Seller Within 6 hours of completion of the negotiation The order shall be deemed to be accepted if the same is not accepted by the seller within the stipulated time. In case of any issue, the seller is to contact helpdesk@tradologie.com before the end of the stipulated period.
ESCROW Create the PO after seller accepts order terms & Upload Check of Rs. 10 along with the Copy of Authority Letter, Photo and ID Proof of person taking Delivery Buyer 24 hours In case the PO is not uploaded, the same shall be deemed as default of the buyer.
ESCROW Accept PO & Download Identification Proofs Seller 3 hours after the buyer uploads the PO. If the seller does not accept, then the order is automatically accepted at the end of day.
ESCROW Make Payment in ESCROW Buyer Till 3 days Prior to the Last Date of Dispatch Buyer to Provide details of payment through Dashboard & contact Helpdesk for any issues.
Quality Check Upload Quality Certificate Seller Till 1 day Prior to the last Date of Dispatch  
Quality Check Approve Inspection Document Buyer Within 6 Hours of Upload  
Delivery Document Upload Bill and Proof of Handing over of Delivery Seller Till the last Minute of the Last Date of Dispatch Seller to contact Helpdesk for any issues.
Dispatch Document Approve Dispatch Document Buyer Within 10 hours of upload In case the Buyer does not approve, the same shall be deemed accepted at the end of day.

Notes:

1. Tradologie.com shall be Issuing Payment Advice Detailing the amount that needs to be paid by the buyer once the PO is uploaded.

2. Tradologie.com shall be issuing Delivery Order to the seller upon the receipt of payment from the buyer which shall include the amount received from the buyer in ESCROW. Delivery is to be affected to the Buyer only upon the receipt of this confirmation.

PERFORMANCE GUARANTEE FEES

Calculationof Performance Guarantee Deposit

Performance Guarantee Deposit is paid by both the buyer and seller for each order.

Performance Guarantee Deposit = Quantity * Reference Price * Category %

Note: The Reference Price for items currently being traded is provided in this document. The reference price for an item can be updated without prior notice.

Note: The Category % is dependent on the category of the item being traded. The Category % can be updated without prior notice.

Calculation of Commission Fee

The commission fees are calculated based on the invoiced value of the order and commission rate applicable as per the seller's membership type:

Commission Fees = Invoiced value of the order * applicable commission rate

Reference Table

S. No Product Category Reference Price Category % Base Commission %
1. Steel TMT Bars Rs. 40,000 Per MT 1.0 Rs. 100 PMT

TMT Bar Grades & Specification

Types of TMT Bar available on Tradologie
Tradologie is a flexible platform on which a buyer can input his own specifications of TMT Bar to be Procured by them.Tradologie Facilitates Traders of TMT bar, steel Billets/Ingots to Buy and Sell in Bulk For Ease of Business, the following options are presently added

Grade Form_TMT Diameter(MM)
Fe-415 Grade TMT Bar Bend/Straight 8MM/10MM/12MM/16MM /20MM/28MM/32MM
TMT Bar Bend/Straight 8MM/10MM/12MM/16MM /20MM/28MM/32MM
Fe-415D Grade TMT Bar Bend/Straight 8MM/10MM/12MM/16MM /20MM/28MM/32MM
Fe-500 Grade TMT Bar Bend/Straight 8MM/10MM/12MM/16MM /20MM/28MM/32MM
Fe-500D Grade TMT Bar Bend/Straight 8MM/10MM/12MM/16MM /20MM/28MM/32MM
Fe-550 Grade TMT Bar Bend/Straight 8MM/10MM/12MM/16MM /20MM/28MM/32MM
TMT Binding wires Bend/Straight 8MM/10MM/12MM/16MM /20MM/28MM/32MM
Other Grades Bend/Straight 8MM/10MM/12MM/16MM /20MM/28MM/32MM

Other than choosing the broad category of TMT Bar, the buyer can input other quality specifications such as TMT bar Length, TMT Bar Thickness, TMT bar size etc.
Who can be our sellers?
Tradologie only allows verified Sellers and Suppliers who have established export credentials and Manufacturing facilities to become registered seller on the platform and that too after verifying the facilities of the seller.
The Buyer shall have the option to choose from TMT bar Exporters, TMT bar Manufacturers,TMT bar Stockiest, TMT bar Wholesalers, Steel TMT Bar Traders, TMT Bar Aggregators while floating his enquiry for Negotiation
Who can be the Buyers?
Buyer on tradologie platform has to be a registered entity having credentials of TMT Bar Importer or construction companies, Builders, Real estate, Bridge construction company  or can  be a registered Indian TMT Bar Trader, Indian Steel  Trader, TMT Bar  Wholesaler, from across the country or across the Globe.

TMT Bar FAQ's

Q1:- How does Tradologie.com account for shortage issues?

Ans:- Since Exact Quantity of TMT bars cannot be Delivered to the buyer, Tradologie.com allows for upto 3% variation in the order quantity and Billed quantity. However, the supplier is made payment for only the quantity that he delivers to the buyer, so Tradologie.com has in-place a Delivery Intimation Module wherein the buyer can specify the exact quantity received and upload the proof of delivery. The supplier shall be compensated only for the material delivered and the balance amount shall be refunded to the buyer within 3 banking days.

Q2:- How does Tradologie.com resolve post Delivery issues?

Ans:- While Tradologie.com encourages the buyers to inspect material before delivery at the works of the supplier, we have in place a Dispute Resolution Mechanism which provides swift resolution to post-delivery issues within 7 days.

Q3:- How will I be able to see my account with Tradologie.com?

Ans:- Tradologie.com follows a Deal-to-Deal accounting policy in which all payments and accounts are finalized at the conclusion of each order. Tradologie.com provides the buyers and seller access to the account of each deal post completion of deliveries and sought their approval of the account (comments, if any, required within 6 Hours) before releasing payments to the suppliers.

Q4:- How can I Showcase my company & Product to prospective Buyers on Tradologie.com?

Ans:- Tradologie.com provides promotion services to all paid members of Tradologie.com which range from developing a Microsite, to sending dedicated product emailers to a database of buyers interested in the product segment, to providing priority listings.

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