India: Vizag Steel Invites Export Tender for Billet & Wire Rod
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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 10,000 MT Billets, 25,000 MT Blooms and 5,000 MT Wire Rod. Interested bidders can submit their bids till 25 Sep'18 at 11:00 hrs. As per the delivery schedule, last date of delivery period shall be 31 Oct'18.
The offer given by the bidder will remain valid until 03 Oct'18.The bidders have the option to quote for shipment either at Visakhapatnam port (VPT) or Ganagavaram port (GPL).For steel products other than WRC the FOB expense of VPT is Rs. 348.79 and for GPL is Rs. 319.44 and for WRC is Rs 305.14 for VPT and Rs 242.94 for GPL.
Specification:
| Product | Size (mm) | Grade | Quantity (MT) |
| Billet | 90 x 90 | IS 2830 Gr A | 10,000 |
| Bloom | 150 x 150 | 5,000 | |
| 200 x 200 | 20,000 | ||
| WRC | 5.5 | SAE 1008 | 2,500 |
| 7.0 and/or 8.0 | 2,500 |
The length of Billets is 12 meters approximately and packaging will be in bundles.
For contact details and other information view TENDER SECTION
Global billet market overview:
1. CIS billet export offers have remained stable majorly at around USD 475/MT, FoB Black Sea amid high inventories with buyers.
2. Billet export offers from Iran were assessed at USD 460-465/MT, FoB
3. Indian domestic billet prices assessed at INR 36,800/MT (USD 509) (basic, GST extra) in Mumbai
