India: Vizag Steel Issues Spot Sale Notice for Export of 60,000 MT Blooms
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Vizag Steel - a state owned steel maker state owned steel maker under the Ministry of Steel, has invited spot sale notice for export of 60,000 MT bloom in ocean market.
Due date : Customer who are interested for the material may send their requirement by 15:00 hrs. on 18 May'20.
Port of loading : Gangavaram port (GPL)' only.
Destination: Any country other than Nepal & banned countries.
Pricing/Quotation: USD/MT on FOB Stowed Gangavaram Port Limited (GPL), Visakhapatnam.
Description of Material:
| Product | Size (mm) | Grade | Chemical Composition | Quantity (MT) | Delivery |
| BLOOM | 150X150 | 4SP | C:0.17- 0.23; Mn:0.60-1.00;Si:0.15-0.30;P: 0.045 max; S: 0.045 max | 60,000 | By End of Jun'20 |
Note: Bidding quantity should be in multiple of 30,000 MT.
SteelMint assessment for billet export offers from India is at USD 360-370/MT, FoB. Last week over 80,000 MT billets were reported to be booked by China. Steel Authority of India Limited (SAIL), was reported to book two billet lots to China of quantity 30,000 MT and 20,000 MT, and the deal value was noted to be USD 355/MT, FoB, and USD 360/MT, FoB respectively.
-- Recent Indian billet export tender for billet (150*150mm) is learned to have fetched bids at USD 365-368/MT, FOB. However, the tender is yet to be concluded as per sources.
-- Another Indian private mill concluded a billet deal to China at USD 380-385/MT, CFR of 30,000 MT quantity.
For more details please visit our Tender section
