Vizag Steel Plant, a state-owned steel company, has floated two export tenders for spot sale of 10,000 t (200x200mm, 3SP/4SP grade) and 30,000 t (150x150mm) of steel blooms. Both the tenders have been floated against 100% advance payment terms with the due date being 13 Aug’21. The shipment is scheduled within 45 days from the export agreement. According to market sources, the previous auction for 30,000 t (150x150mm) of blooms was concluded at $625/t FoB.
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