Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel, has invited a tender for export of 24,768 MT billet followed by 13,760 MT wire rod coil to Nepal. The minimum offered quantity is 2,752 MT for both the products. As per the delivery schedule, last date of delivery period shall be 31 Oct’17. The due date for bid submission is 06 Sept’17 till 11:00 AM (IST).
The offer given by the bidder will remain valid till 13 Sept’17.
Specifications:
|
Product |
Size (mm) | Grade |
Quantity (MT) |
| Billet | 65×65, 75×75 | IS 2830 | 8,256 +/- 10% |
| 90×90 | IS2830 C20MMn | 16,512 +/- 10% | |
| Wire Rod Coil (WRM 2) | 5.5- 8.0 mm | SAE1008 | 8,256 +/- 10% |
| Wire Rod Coil (WRM 1) | 5.5-7.0 mm | SAE1008 | 5,504 +/- 10% |
Global billet and wire rod market – Week 36 Amid prevailing holidays, sentiments in global market remained soft this week noticing less trade activities.
Steel market in Turkey remained quiet amid national holidays and upcoming ‘Eid-al-Adha’.
|
Particulars |
Currency |
Reference Prices |
| Billet, Ex-works China | RMB/MT | 3,710 |
| Billet, FoB India | USD/MT | 510 |
| Billet, FoB China | USD/MT | 525 |
| Billet, FoB Turkey | USD/MT | 510-520 |
| Billet, FoB Black Sea | USD/MT | 500-505 |
| Wire Rod, FoB China | USD/MT | 560-570 |
| Wire Rod, FoB India | USD/MT | 520-530 |
Source: SteelMint Research
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