India: Vizag Steel Concludes 20,000 MT Billet Export Tender
Rashtriya Ispat Nigam Limited (RINL)- the state-owned steel maker under the Ministry of Steel, had floated an ocean billet export tender on 27 Jun’19 of quantity 50,000 MT. for sizes; 65*65, 77*77, 90*90 and 150*150 mm.
The last date for bid submission was 02 Jul’19 till 15:00 hrs and the material delivery is scheduled by 10 Aug'19.
According to market sources report to SteelMint, the company has concluded 150*150mm billet at around USD 425/MT, FoB India.
However, the company cancelled the tender for sizes; 65*65, 77*77 and 90*90, reason being the limited participation.
Prior to this, the company had floated tender for 50,000 MT billet & bloom which was due on 11 Jun’19. As per sources, the tender for 20,000 MT 150 x 150 ( IS 2830 Gr A C20 MMn & IS 2830 Gr A) was concluded at around USD 435/MT, FoB India.
source: SteelMint
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