India: Vizag Steel Floats 50,000 MT Billet & Bloom Export Tender
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Rashtriya Ispat Nigam Limited (RINL)- the state-owned steel maker under the Ministry of Steel, has invited tender for export of 10,000 MT Billets and 40,000 MT Blooms. Bid due date is till 06 Dec'18 at 11:00 hrs. However the offer given by the bidder will remain valid till 13 Dec'18. As per the delivery schedule, last date of delivery period shall be 15 Jan'19.
Specifications of material offered:
| Product | Size (mm) | Grade | Quantity (MT) |
| Billet | 90 * 90 | IS 2830 C20MMn GR A | 10,000 |
| Bloom | 150 * 150 | 15,000 | |
| IS 2830 GR A | 15,000 | ||
| 200 * 200 | 10,000 |
For contact details and other information view TENDER SECTION
Prior to this, the company had invited two tenders for export of 15,000 MT Blooms (150*150mm) each. Due date of the tender was 08 Nov'18. According to market sources report to SteelMint, the tender fetched participation from about 3 companies and has been finalized at around USD 457-460/MT, FoB India. The cargo is likely to be shipped to Philippines or Indonesia.
Global Billet market overview:
1. CIS billet export offers have come down by USD 20-30/MT on monthly premises and is currently assessed at USD 425-430/MT, FoB Black Sea.
2. Domestic billet prices in China have moved up by RMB 160-200/MT (USD 23-29) in last two days after US-China reach 90-day ceasefire in a trade dispute regarding tariff hike. As per market sources report to SteelMint, Chinese domestic billet prices are currently assessed at RMB 3,280-3,320/MT (USD 471-477) ex-Tangshan, China, including 17% VAT.
3. Domestic billet prices in India In Mumbai region are assessed at around INR 33,100/MT (USD 473) for 125*125mm, GST
