India: Vizag Steel Floats Export Tender for Billet & Bloom
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Rashtriya Ispat Nigam Limited (RINL), state owned steel maker under the Ministry of Steel, has invited an e-tender for the export of 40,000 MT Bloom and 20000 MT Billets.
The offer given by the bidder will remain valid until 10 Mar'20. The bidders requested to kindly consider port of loading as 'Gangavaram port (GPL)' only.
Bidders are requested to submit the offer online with best price in USD/MT on FOB st Visakhapatnam (GPL) on direct export basis.
Specification:
| Product | Size (mm) | Grade/Length | Quantity (MT) | Last Date of Shipment |
| Bloom | 150X150 | 4SP (Length-12 MTRS (+/-250 MM)) | 30,000 | 26 Mar'20 |
| 200X200 | IS 2830 C20MMn Gr A (Length-12 MTRS (+/-250 MM)) | 10,000 | ||
| Billet | 90X90 | IS 2830 C20MMn Gr A 12 MTRS (+/-150 MM) | 10,000 | |
| 65X65 | IS 2830 Gr A 12 MTRS (+/-150 MM) | 10,000 |
Due Date: Interested bidders can submit their bids till 14:00 hrs on 03 Mar'20.
Prior to this, the company had floated an export tender for 30,000 MT billets of size 150*150mm. Amid limited participation, the company had to cancel the tender.
While during last week, global billet market was reported with mixed sentiments. While billet export offers from Iran, CIS and India witnessed an increase, SE Asia billet import offers witnessed a marginal drop during the week. China's billet offerings have disturbed the SE Asian market sentiments
Meanwhile, increasing global scrap prices have managed to keep billet export offers supported, of all the major billet exporting nations; Iran, CIS and India.
SteelMint's assessment for CIS billet export offers is at USD 390-395/MT, FoB Black Sea.
For contact details and other information view TENDER SECTION
