Rashtriya Ispat Nigam Limited – a government of India Enterprise, has concluded the billet export tender for 30,000 MT (150*150mm) quantity yesterday, sources reported to SteelMint. The trade value was reported to be around USD 420-425/MT, FoB.
Initially the company had invited the bids for 60,000 MT quantity, but ended by concluding for 30,000 MT only of Size 150*150 mm. As per the delivery schedule, the last date of delivery shall be 15 June ’19 on FoB basis from ‘Gangavaram port (GPL). Limited participation was witnessed, due to which company had to cancel other lots of this tender. Last day for bid submission was 13 May’19.
Below are the tender details
| Product | Grade | Size (MM) | Quantity | Result |
| Billets | IS 2830 Gr A C20 MMn | 90 X 90 | 10,000 | Tender was cancelled |
| IS 2830 Gr A | 77 X 77 | 10,000 | ||
| IS 2830 Gr A | 65 X 65 | 10,000 | ||
| Bloom | IS 2830 Gr A C20 MMn | 150 x 150 | 10,000 | Tender concluded at around USD 420-425/MT, FoB |
| IS 2830 Gr A | 20,000 |
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