Steel Authority of India – a government of India Company has floated export tender for 5,000 MT wire rod. The cargo will be shipped from Haldia port. The tender put up for Prime Mild Steel Non-Alloy Wire Rod in Coils is 5,000 MT (10/12/16mm) of SAE 1018 grade.
The material shipping is scheduled within 15 Sep’18. The due date for bid submission is 17:00 hrs as per IST on 27 Jul’18.
SAIL had also floated the tender for export of 16,200 MT Billets which is also due on same day i.e, 27 Jul’18.
Other Live Wire Rod Tenders:
1. RINL Export tender for 12,500 MT Wire Rods due on 26 Jul’18.
2. RINL Export tender to Nepal for 2,752 MT Wire Rods due on 02 Aug’18.
3. RINL is also conducting an e-auction for 457 MT defective Wire Rod on 26 Jul’18.
For contact details and other information view TENDER SECTION
Medium mills drop export offers to Nepal:
As per participants, medium mills based in Durgapur (East India) continue to reduce Wire rod export prices owing to weak demand & falling billet prices.
The latest export offer to Nepal for commercial grade Wire rod 5.5 mm are hovering at USD 510/MT ex-mill, Durgapur. In the last week same were reported at USD 520/MT; drop by USD 10/MT, W-o-W. On CFR basis the current prices would be around USD 535/MT CFR Raxaul border (Nepal).
If market participants are to be believed, currently the mills in East India are under selling pressure due to seasonal poor off take in domestic as well as poor demand in global market.
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