India: Vizag Steel Floats Steel Export Tender to Nepal
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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 10,836 MT Billets, 5,418 MT Blooms, 2,709 High Carbon Wire rod Coils and 8,127 MT Wire Rod to Nepal.
Bidder is requested to submit/upload his offer online with the best price in USD per MT on ex-plant Visakhapatnam on direct export basis. As per the delivery schedule, the last date of shipment shall be 30 Sept'19.
Specification:
| Product | Size (MM) | Grade | Quantity |
| Blooms | 150x150 | IS 2830 C20MMn | 5,418 MT |
| Billets | 90x90 | IS 2830 C20MMn | 10,836 MT |
| Wire rod coils | 5.5 | SAE 1008 | 8,127 MT |
| High Carbon Wire rod Coils | 5.5 | IS 7904 HC 62 | 2,709 MT |
| IS 7904 HC 68 | |||
| IS 7904 HC 72 |
Due Date: Interested bidders can submit their bids till 22 Aug'19 at 14:00 hrs. The offer given by the bidder will remain valid till 29 Aug'19.
For contact details and other information view TENDER SECTION
Prior to this, the company had invited tender for export of 10,836 MT billets, 5,418 MT blooms and 8,127 MT wire rod to Nepal on 30th Jul'19.
The bid due date for the tender was till 5th Aug'19, which was valid till 12th Aug'19 and the delivery was scheduled by 15th Sept'19. As per participants, the highest bid for Billet (90*90 mm) was at near to USD 380/MT and for Wire rod is at around USD 440-445/MT ex-mill. However the officials were negotiating with participants to raise bids by around USD 20/MT, but it seems that buyers were still bidding on the lower side. Hence the tender is likely to be canceled.
