Steel Authority of India (SAIL), government owned and second largest steel producer has floated an export tender of 10,000-15,000 MT billets from its IISCO plant. SAIL has come up with billet export tender after a long time.
Synopsis of tender
Quantity- 10,000-15,000 MT
Size- 150*150mm
Delivery- FOB Haldia
Bid Date- 24th Jun’17
Chemical Composition : C: 0.17-0.23%, Mn: 0.60-1%, S&P: 0.05% Max, Si: 0.1% Min
Indian Billet Export Prices
Indian billet exports have become active in last few weeks due to absence of Chinese cargo. Last deal by JSW had sold 20,000 MT billets at around USD 405/MT FOB India for 165*165mm, earlier Vizag steel (RINL) had sold 10,000 MT 90 mm billets at around USD 400/MT FOB.
Indian Billet exports jumped two fold in FY17 – The total export of semi finished goods under chapter 7207 was 1.94 MnT as compared 0.97 MnT in FY 16. JSW steel, Vizag Steel, SAIL and JSPL remained key exporters from India.
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