Vizag Steel has floated a tender for export of various steel products including Billet, Blooms, Rounds, Structures and Cast Rounds. The company is offering a total quantity of 79,000 MT.
The company, in the tender issued, has offered around 20,000 MT of billet and 35,000 MT of bloom (150 X150 mm) and has scheduled the delivery of material to 31 Jul’16 on FoB Visakhapatnam Port or Gangavaram Port on the direct export basis. The last date for bid submission is till 14 Jun’16.
Material Description
| Material Name |
Size (mm) | Length (meter) |
Grade | Qty (MT) |
Min Quoted Qty (MT) |
| Billet | 75×75/ 90X90 |
12 | IS2830 Gr.A / IS 2830 Gr.A C20MMn |
20,000 | 5,000 or multiples of it |
| Blooms | 150X150 | 12 | IS2830 Gr.A/ IS2830Gr. AC20MMn |
35,000 | 5,000 or multiples of it |
| Rounds | 16 to 80 | 12 | IS 2062/SAE 1018 | 6,000 | 2,000 or multiples of it |
| Angle | 75X75 / 90X90 / 100X100 / 110X110 |
12 | IS 2062 : E250 A6 | 6,000 | 2,000 or multiples of it |
| Channels | 100X50, 125X65, 150X75 & 200X75 |
12 | IS 2062 : E250A | 6,000 | 2,000 or multiples of it |
| Cast Rounds | 350 | 8.4 | A 105 | 6,000 | 2,000 or multiples of it |
Source: SteelMint
Last 20,000 MT bloom export tender concluded at lower price
On 21 May’16, the company floated an export tender for 30,000 MT bloom and 20,000 MT billet with scheduled technical bids to close on 26 May’16. According to sources, the company had concluded 20,000 MT bloom at USD 315/MT, FoB Vizag Port (India East Coast) and likely to be shipped to Bangladesh. Vessel freight from Indian East Coast to Bangladesh is approximately USD 15-20/MT.
Global billet prices (in USD/MT) as on week 24 ( 06 Jun – 12 Jun’16)
| Particular | Grade | Delivery | Price | W-o-W | M-o-M |
| India Export | 150 X150 mm | FoB India | 315 | -22.5 | -72.5 |
| Ukraine Export | Commercial | FoB Ukraine | 315 | -`15 | -80.5 |
| Turkey Import | Commercial | CNF Turkey | 325 | -15 | -87.5 |
| China Export | Commercial | FoB China | 300 | -5 | -42.5 |
| Bangladesh Import | Commercial | CNF Bangladesh | 325 | – | -70 |
Source: SteelMint
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