Rashtriya Ispat Nigam Limited (RINL) has issued an export tender for various steel products including Billet, Bloom, Rebars & Wire Rod Coils. The company is offering 97,000 MT Steel products for export in Feb’15. Also, this tender is open for all countries other than banned countries.
The delivery of material will be done till 31 Mar, 2015 at FoB Visakhapatnam or Gangavaram Port on direct export basis.
Material Description
| Material Name | Size (mm) | Length (m) | Grade | Qty (MT) | Min Quoted Qty (MT) |
| Billet | 65×65/ 75×75/ 90X90 |
12 | IS 2830 Gr. A/ IS 2830Gr. A, C20MMn |
10,000 | 5,000 or multiples of 10,000 |
| Rebar | 16 to 32 | 12 | IS 1786–2008 Fe 500 | 6,000 | 2,000 or multiples of it |
| Wire Rod Coils | 5.5 & 6.5/ Coil Weight: 1.2 MT |
– | SAE 1008 DQ/ IS7887 |
6,000 | 2,000 or multiples of it |
| Blooms | 150X150/ 200X200 |
12 | IS2830 Gr.A/ IS2830Gr. AC20MMn |
75,000 | 5,000 or multiples of it |
Last date for bid submission will be till 11 Feb, 2015 at 15.00 hrs and technical bids will open on the same day at 15.30 hrs.
Global Billet Prices (in USD/MT) as on Week 04 ( 19-25 Jan, 2015)
| Particular | Grade | Delivery | Price | W-o-W | M-o-M |
| India Export | Commercial | FoB India | 420 | – 10 | – 15 |
| CIS Export | Commercial | FoB Black Sea | 395 | -3 | – 5 |
| Turkey Import | Commercial | CNF Turkey | 420 | 0 | 0 |
[su_box title=”Last 85,000 MT Billet/Bloom Export Tender expired on 09 Jan’15″ style=”glass” box_color=”#04183e” title_color=”#ffffff”]Company had floated an export tender for 75,000 MT Bloom and 10,000 MT Billet on 20 Dec, 2014 with scheduled opening & price bids on 09 Jan, 2015. The export deal for Bloom was settled with Duferco (Swiss based trading company) at USD 400/MT FoB Vizag. Sources reported the export deal settled by Duferco was for countries like Sri Lanka & Bangladesh. However, the Billet export deal was cancelled owing to low bids at USD 415/MT, FoB Vizag.[/su_box]
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