Vizag Steel has floated a tender for export of Billet and Blooms. The company is offering a total quantity of 35,000 MT material in its export tender for all destinations.
The company, in the tender issued, has offered around 25,000 MT bloom (150*150 mm) and 10,000 MT billets (90 X90 mm) for December shipment.
Interested bidders should submit their quotations on FoB Visakhapatnam Port or Gangavaram Port on the direct export basis. The last date for bid submission is 10 Nov’16 and the validity of the offer is till 17 Nov’16.
Material Description
| Material Name |
Size (mm) | Length (meter) |
Grade | Qty (MT) |
Min Quoted Qty (MT) |
| Blooms | 150X150 | 12 | IS2830 Gr.A | 25,000 | 10,000 or multiples of it |
| Billets | 90X90 | 12 | IS 2830 GR A | 10,000 | 10,000 or multiples of it |
Source: SteelMint
Last billet/bloom export tender concluded at USD 335/MT, FOB Vizag Port
Vizag Steel’s last export tender for 20,000 MT blooms (150 X 150 mm) and 10,000 MT billets (90X90 mm) was closed on 18 Oct’16 for December shipment.
The company concluded 20,000 MT bloom (150 X 150 mm) lot at USD 335/MT, FoB Vizag Port and the cargo is likely to be shipped to Bangladesh. Another lot of 10,000 MT billet (90X90 mm) did not attracted much participation and the tender remained unawarded as the company received better prices from Nepal tender which got closed on 18 Oct’16 for same size billet.
It is to be noted that the company offered around 11,000 MT billet of size 90X 90 mm for Nepal (via road) which closed on 18 Oct’16. The tender received highest bid at around USD 360/MT which is equivalent to INR 23,750/MT on ex-plant basis for 3,700 MT.
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