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.