India: Vizag Steel Invites Ocean Export Tender of Steel Products
...
Rashtriya Ispat Nigam Limited (RINL), state owned steel maker under the Ministry of Steel, has invited an e-tender for the export of 20,000 MT Billet and 9000 MT Wire Rod Coil.
Bid Submission Date & Time: 12 May'20, 13:00 HRS
Bid Validity: 17 May'20
Delivery Schedule: 15 Jun'20
Shipping Terms: FOB Stowed Gangavaram Port Limited-Vizag
Destination: Any country other than Nepal & banned countries
Currency: USD/MT
Description of Material :
| Product | Size | Grade | Chemical Composition | Quantity (MT) (+/-5%) | Minimum quantity to be quoted (MT) |
| Billet | 90x90MM | IS 2830 C20MMn Gr A | C:0.17- 0.23; Mn:0.60-1.00; Si:0.15-0.35; P: 0.050 max; S: 0.050 max | 10000 | 2000MT |
| 65x65MM | IS2830 Gr A | C:0.12- 0.23; Mn:0.30-1.50; Si:0.40 max; P: 0.045 max; S: 0.045 max | 10000 | 2000MT | |
| Wire Rod Coils | 5.5MM | SAE 1008/SAE 1010 | SAE 1008 Grade C:0.10 max; Mn:0.30-0.50; Si:0.25 max; P: 0.040 max; S: 0.050 max SAE 1010 Grade C:0.08- 0.13; Mn:0.30-0.50; Si:0.20 max; P: 0.040 max; S: 0.040 max | 5000 | 2000MT and multiples of 1000 |
| 6.5MM | SAE 1008/SAE 1010 | 2000 | 1000 MT and multiples of 8.0MM 500 | ||
| 8.0MM | SAE 1008/SAE 1010 | 2000 |
Last week, global billet market witnessed enormous trade volumes. However, the export offers from all the billet export majors witnessed a drop over ongoing Labor Day holidays. Although, billet prices are expected to hike post holidays on a drop in inventory levels in China. Since currently the global billet market is largely driven by China, thus, inventory drop in the country could be a prime disruptor for a price correction.
SteelMint assessment for CIS billet offers is at USD 340/MT, FoB Black Sea. While that for Iran is between USD 345-350/MT, FoB Iran.
For contact details and other information view TENDER SECTION
