India: Vizag Steel Issues 25,000 MT Pig Iron Export Tender

Vizag Steel- a leading state-owned Pig iron producer, and exporter, has issued an export tender of 25,000 MT basic grade steel making Pig iron for any country other than Nepal.

The tender is due on 13 Feb'19. As per the delivery schedule, the last date of delivery period shall be 31 Mar'19. The offer given by the bidder will remain valid till 20 Feb'19.

Specifications:

Carbon: 3.5-4.8 %
Manganese: 0.50% max
Silicon: 1.5% max
Phosphorus: 0.12% max
Sulphur: 0.050% max

The bidders have the option to quote for shipment only from Ganagavaram port (GPL).

Vizag Steel's 30,000 MT pig iron export tender remained canceled - Prior to this, the company had issued an export tender for 30,000 MT Pig iron which was due on 8 Jan'19.

According to market sources report to SteelMint, the tender was canceled amid dull response. According to sources the the tender fetched participation from a single company and since the bid received was low compared to the company's expectations, the company has canceled the tender. It was heard that Vizag Steel was looking up for USD 345/MT, FoB India levels. While on the other side, bid put was lower by USD 30-35/MT than the expectations.

As per sources, Vedanta has also floated export tender for 25,000 MT Steel grade pig iron export tender for which bid validity is till 11 Feb'19.

For more details PFA