Rashtriya Ispat Nigam Limited (RINL) also known as Vizag Steel had floated ocean export tender on 11 Oct’17 for 45,000 MT billets for end November shipment.
Out of the total billet quantity put up for export, 15,000 MT was of size 90*90 mm and 30,000 MT was of size 150*150 mm. The due date for bid submission was 17 Oct’17.
According to market sources report to SteelMint, billet export tender of size 150*150mm with 4 SP specifications concluded at around USD 470-475/MT, FoB India and the cargo is likely to be shipped to Sri Lanka. Freight is around USD 18-20/MT.
As per market sources, the company has also concluded tender for 90*90mm billet at around USD 490/MT, FoB India.
Prior to this, the steel maker had floated export tender for 15,000 MT 150*150 mm billets which got expired on 27 Sept’17. As per market sources, the tender received bids below USD 475/MT, FoB following which the company cancelled the tender.
Leave a Reply