State-owned Vizag Steel had floated an ocean sale export tender for 30,000 t of steel blooms (150x150mm, 3SP/4SP grade) against 100% advance payment terms for which the delivery is scheduled for 20 Apr’22. The tender is heard to have received bids at around $720/t FOB. However, tender conclusion confirmation remained pending till the time of publishing this report. The bids fetched are higher by around $70 against the last tender concluded in mid-Feb’22. Absence of supplies from CIS amidst trade tensions lifted billet export prices.
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