Steel Authority of India Limited (SAIL) has floated a global tender for export of prime mild steel hot rolled plates of 5,000-15,000 MT quantity for December shipment.
The material will be of ASTM A36 grade or equivalent, ship building quality with size ranging between 10-63 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 open on 08 Nov’16 at 16:00 hrs and offer will be valid till 10 Nov’16.
Prices should be quoted on FoB,Vizag basis. However, prices are to be quoted per MT basis for all the markets other than Nepal, Canada and Taiwan.
SAIL cancelled last export tender for 15,000 MT HR Plates expired on 19 Aug’16
On 11 Aug’16, the company had floated its global export tender for 15,000 MT prime mild steel hot rolled plates with scheduled technical bids closed on 19 Aug’16.
As per market sources, SAIL has canceled its plates export tender on account of low bids received from the participants. The company received bids at around USD 370-375/MT, FoB India whereas its expectations were around USD 400/MT, FoB India.
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