After receiving a decent response in its last export tender, SAIL has floated another global tender for the export of 10,000 MT prime mild steel non-alloy concast billet.
The material to be exported with comprise of size 125 *125 mm. Export duty as applicable in sellers country shall be borne by the seller and other duties payable shall be borne by buyer. Bids for the same will be open on 11 May’16.
Three grades of concast billet have been offered in the tender:
| Particulars | Billet Type 1 | Billet Type 2 | Billet Type 3 |
| C | 0.17-0.23% | 0.2-0.25% | 0.14-0.20% |
| Mn | 0.50-1.0% | 0.6-1.0% | 0.50-0.90% |
| S | 0.05% max | 0.05% max | 0.05% max |
| P | 0.05% max | 0.05% max | 0.05% max |
| Si | 0.10-0.35% | 0.10-0.35% | 0.10-0.3% |
Prices should be quoted on FoB Haldia basis. Also, on closure of deal with the concerned party, the shipping of the material will commence from 30 Jun’16. Prices are to be quoted per MT basis for all the markets.
Its last export tender, which closed on 03 May’16, for 10,000 MT billet (150*150 mm) received decent response. According to sources, the tender has been settled at around USD 385-387/MT, FoB Haldia port by Nucor Trading. Cargo is likely to be shipped to Middle East. Freight from Indian East Coast to Middle East is approximately USD 20-22/MT.
Bids for last export tender had gone up by around USD 24/MT as compared to Vizag Steel’s billet export tender which concluded in the first week of May itself. Due to rising defaults from Chinese suppliers, global buyers are preferring Indian billet, the upcoming export tender may also receive decent response.
Leave a Reply