The recent tender has been concluded above USD 35/MT against its previous tender concluded in July.
Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel had issued a tender for export of 15,000 MT billets, 20,000 MT bloom, 16,000 MT wire rod coil followed by other steel products. The tender expired on 09 Aug’17.
According to market sources report to SteelMint, the billet (90*90 mm, IS 2830 C20 MMN GR A) has been concluded at USD 480-485/MT, FoB India. The concluded price is higher by around USD 35/MT against company’s last tender last billet export tender for 90*90 mm floated in Jul’17 which was concluded at around USD 448/MT, FoB India.
Vizag Steel’s wire rod coil tender update – In the ocean export tender floated by Vizag Steel, wire rod coils (WRM1) offered remained unsold, shared a market participant. However quantity offered from WRM 2 comprising of 10,000 MT wire rod coils (SAE 1008) has been sold at USD 520/MT, FoB.
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