India: Vizag Steel Invites Export Tender for Billet & Bloom 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 10,836 MT Billets and 2,709 MT Bloom.
Interested bidders can submit their bids till 13 May '19 at 15:00 hrs. As per the delivery schedule, the last date of delivery shall be 15 June'19 on Ex-Works (EXW) basis to Nepal.
The offer given by the bidder will remain valid until 20 May'19.
Specification:
| Product | Grade | Size (mm) | Quantity (MT) |
| MMSM Billets | IS 2830 C20MMn | 90x90 | 10,836 or equivalent of 4 rakes |
| SMS-2 Blooms | IS 2830 C20MMn | 150x150 | 2,709 or equivalent of one rake |
Due date (India Standard Time): The due date for bid submission is 13 May '19 till 15:00 hrs.
RINL's dull response to previous export tender to Nepal - The company had invited tender for export of 10,836 MT (equivalent to 4 rakes) Billet to Nepal on 5th Apr'19. The bid due date was on 16th Apr. As per sources, the company received a dull response for this tender as out of total allotted billets, only about 1 rake (2,709 MT) has been sold out to the highest bidder. As per participants, the highest bid for the tender was at USD 440-445/MT, however, post-negotiation it got settled at near to USD 450/MT ex-mill.
For contact details and other information view TENDER SECTION
