SAIL had floated Billet/Bloom export tenders for 16,200 MT from Bhilai Steel Plant (BSP) of size 150*150 mm, 10,800 MT of size 125*125mm from Durgapur Steel Plant (DSP), 5,400 MT of size 150*150mm from ISP (Burnpur) and a plate tender of 8,000 MT from Rourkela Steel Plant (RSP).
According to market reports, company has cancelled billet tender issued from BSP, which fetched highest bid at around USD 425/MT FOB Vizag (India East Coast).
Company has also cancelled 8,000 MT plate tender from RSP, which fetched highest bid at below USD 535/MT FOB levels.
Billet tender from Durgapur Steel Plant is valid till 6th Dec at IST 17:00 HRS.
Global Billet Prices
Billet prices in global market has observed a downtrend in last one month amid increasing possibility of exports from China, where prices have corrected over USD 80/MT in November 2018.