India: Vizag Steel Invites Ocean Export Tender 60,000 MT Blooms
...
Rashtriya Ispat Nigam Limited (RINL), the state-owned steel maker under the Ministry of Steel, has invited an e-tender for the export of 60,000 MT Blooms.
Bid submission Date & Time: 14 May'20, 13:00 HRS
Bid validity: 20 May'20
Shipping terms: FOB Stowed Gangavaram Port Limited-Vizag
Destination: Any country other than Nepal & banned countries
Delivery: 15 Jun'20
Currency: USD/MT
Description of Material
| Product | Size | Grade | Chemical Composition | Quantity (MT) (+/-5%) | Minimum quantity to be quoted (MT) |
| Bloom | 150x150MM | 3SP/4SP | 3SP: C:0.14- 0.22; Mn:0.40-0.65; Si:0.15-0.30; P: 0.045 max; S: 0.045 max | 60,000 | 15,000 |
| 4SP: C:0.17- 0.23; Mn:0.60-1.00; Si:0.15-0.30; P: 0.045 max; S: 0.045 max |
The global billet market turned active this week, post-labor holidays. Numerous deals were reported in SE Asia and China from Russia, India, and Iran.
This week an Indian private mill managed to book a decent quantity to China. According to trade sources reported to SteelMint, the mill booked approximately 30,000 MT billets and the deal value was noted to be around USD 375/MT, CFR. The shipment is scheduled for Jun'20.
SteelMint assessment for CIS billet export offers is at USD 340/MT, FoB. While that from Iran and India are assessed at USD 340-345/MT, FoB Iran, and USD 350-360/MT, FoB India, respectively.
For contact details and other information view TENDER SECTION
