India: Vizag Steel Invites Export Tender for Billet & Bloom

Rashtriya Ispat Nigam Limited (RINL)- state-owned steel maker under the Ministry of Steel, has invited a tender for export of 30,000 MT Billets and 20,000 MT Bloom.

Interested bidders can submit their bids till 11 June ‘19 at 15:00 hrs. As per the delivery schedule, the last date of delivery shall be 15 July ’19. The offer given by the bidder will remain valid until 18 June ’19.

Market Overview: In May’19, the company has concluded the billet export tender for 30,000 MT (150*150mm) quantity. The trade value was reported to be around USD 420/MT. FoB.
Initially, the company had invited the bids for 60,000 MT quantity, but ended by concluding for 30,000 MT only of Size 150*150 mm. Limited participation was witnessed, due to which company had to cancel other lots of this tender. Last day for bid submission was 13 May ’19.