Vizag Steel issues a fresh export tender for 135,000 MT Billet/Bloom, after receiving mixed response in its last tender which closed in the last week of April.
India’s largest Steel manufacturer, Vizag Steel, has floated a global tender for export of various Steel products. The company is offering about 152,000 MT of Steel products for export during May’15. Material will be delivered till 31 Jul’15 FoB Visakhapatnam or Gangavaram Port on direct export basis. The quantities offered for Blooms & Billets are 125,000 MT & 10,000 MT respectively.
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 |
– | SAE1008 DQ | 5,000 | 1,000 or multiples of 1,000 |
| Blooms | 150X150/200X200 | 12 | IS2830 Gr.A/ IS2830Gr. AC20MMn |
125,000 | 5,000 or multiples of 5,000 |
Source: SteelMint Research
Quotations should be given in USD or INR. Deadline for submission of bids will be till 25 May’15 at 15.00 hrs and technical bids will open on the same day at 15.30 hrs.
Last Export tender comprising of 110,000 MT Billet/Bloom receive mixed response
The company closed its last export tender on 28 Apr’15 for 100,000 MT bloom & 10,000 MT billet, concluding its export deal for 20,000 MT Bloom (150X150 mm) at around USD 371/MT FoB Vizag. Further negotiations are going on with the participants for the leftover quantity. Shipment of the consignment is expected to move to Bangladesh.
On the other hand, the offered lot of 10,000 MT Billet (65X65,75X75,90X90 mm) was settled at around USD 400/MT FoB Vizag. The shipment will move to Sri Lanka.
Global Billet Prices (in USD/MT) as on Week 18 (04 May-10 May’15)
| Particular | Grade | Delivery | Price | W-O-W |
| India Export | Commercial | FoB India | 370 | 0 |
| CIS Export | Commercial | FoB Black Sea | 372 | +2 |
| Turkey Import | Commercial | CNF Turkey | 390 | 0 |
Prices in USD/MT
Source: SteelMint Research
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