India: SAIL Floats 16,200 MT Billets Export Tender

Steel Authority of India - a government of India company has floated export tender for 16,200 MT non concast billet. The cargo will be shipped from Vizag port. The tender put up for Prime Mild Steel Non-Alloy Concast billets are 150*150 mm offered from Bhilai Steel plant and has following specifications - C-0.17-0.23%, Mn-0.50-0.90%, S-0.05% max, P-0.05% max and Si - 0.10-0.35%.

The length of the billets is 12 metres. The material shipping is scheduled within 30 Jun'19. Due date for bid submission is 16:00 hrs as per IST on 08 May'19.

Vizag Steel cancelled billet export tender on limited participation: The Rashtriya Ispat Nigam Limited (RINL), a state-owned steel maker under the Indian Steel Ministry had floated an export tender for 30,000 MT billets. The material offered was in 3 lots of 10,000 MT each of sizes 90*90mm,77*77mm and 65*65mm. The bid submission due date was 26 Apr'19 with offer validity till 3rd May'19. The material shipment was scheduled to take place ill 31 May'19.

According to market sources report to SteelMint, tender was cancelled due to low participation . According to sources, the company might reissue the tender in a short leave, but it is still under discussions.