After a confounding response by global participants in the last export tender, held in the month of March, Vizag Steel is looking forward to another export deal in the month of April.
India’s largest Steel manufacturer, Vizag Steel, has floated a tender for export of various Steel products including Billet, Blooms, Rebar and Wire Rod coils. The company is offering a total quantity of 127,000 MT to other countries.
Material Description
| Material Name |
Size (mm) |
Length (meter) |
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 5,000 |
| Rebar | 16 to 32 | 12 | IS 1786–2008Fe 500 | 6,000 | 2,000 or multiples of 2,000 |
| Wire Rod Coils (WRM 1) | 5.5 to 6.5/ Coil Weight: 1.2 MT |
– | SAE 1008 DQ / IS 7887 | 6,000 | 2,000 or multiples of 2,000 |
| Wire Rod Coils (WRM 2) | 5.5 to 7/ Coil Weight: 2 MT |
– | SAE 1008/ SAE1008 DQ | 5,000 | 1,000 or multiples of 1,000 |
| Blooms | 150X150 | 12 | IS2830 Gr.A/ IS2830Gr. AC20MMn |
100,000 | 5,000 or multiples of 5,000 |
Quotations should be given in USD or INR. The delivery of material will be till 30 Jun’15 at FoB Vishakhapatnam or Gangavaram Port on direct export basis.
Deadline for submission of bids will be till 28 Apr’15 at 15.00 hrs and technical bids will open on the same day at 15.30 hrs.
Last Export Tender comprising of 90,000 MT Billet/ Bloom surprises Indian market
Company’s last export tender for export of 90,000 MT (10,000 MT Billet and 80,000 MT Blooms) closed on 18 Mar’15. Since Vizag Steel’s tenders had been receiving passive responses, it was surprising to the market that the tender received bids at USD 10-15/MT higher than that of previous one. Duferco Asia Pte. Ltd was the highest bidder, sealing the tender at USD 370/MT for Bloom and USD 405/MT for Billet, FoB Vizag.
Duferco had managed to book the complete lot of Bloom i.e. 80,000 MT and half of the Billets i.e. 5,000 MT offered in the tender. The shipment is expected to take place this month for Bangladesh/ Sri Lanka.
Global Billet Prices (in USD/MT) as on Week 14 ( 06 Apr-12 Apr’15)
| Particular | Grade | Delivery | Price |
| India Export | Commercial | FoB India | 405 |
| CIS Export | Commercial | FoB Black Sea | 355 |
| Turkey Import | Commercial | CNF Turkey | 375 |
Source: SteelMint Research
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