India: Vizag Steel Invites Export Tender for Billet and Wire Rod to Nepal
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Rashtriya Ispat Nigam Limited (RINL)- state owned steel maker under the Ministry of Steel, has invited a tender for export of 8,127 MT Billets, 5,418 MT Bloom and 8,127 MT Wire Rod.
Bidder is requested to submit his offer online with best price in USD per MT on ex-plant Visakhapatnam on direct export basis for the products. Delivery has been scheduled on 30 Nov'19 .
Validity: The bidder/successful bidder shall keep their offer firm and valid for acceptance by RINL until 31/10/2019.
Specification:
| Product | Size (MM) | Grade | Quantity |
| Billets | 90x90 | IS 2830 C20MMn | 8,127 MT |
| Wire rod Coils | 5.5 | SAE 1008 | 8,127 MT |
| Blooms | 150x150 | IS 2830 C20MMn | 5,418 MT |
Prior to this, RINL had invited tender for export of 8,127 MT Billets, 5,418 MT Bloom and 8,127 MT Wire Rod. Due date of tender was 09 Oct'19 and material delivery has been scheduled on 15 Nov'19. As per sources, company has cancelled the tender amid low bids.
Indian induction grade mills export offers to Nepal reported at USD 385/MT for Billet & USD 445/MT for Wire rod, CPT Raxaul border. In line large mills export offers to Nepal is hovering at USD 400/MT for Billet & USD 455/MT for Wire rod CPT Raxaul border, Nepal
