Rashtriya Ispat Nigam Limited (RINL), India's second largest and state owned Pig iron producer and exporter based in Vizag (Andhra Pradesh), offered Pig iron through an export tender on the 20th of July, 2013.
Specification: Basic grade and Si 1.0%; Quantity 30,000 tonnes (one lot)
The tender failed to receive a response from overseas buyer as there was no participant in the technical bids, which opened at 1530 hrs IST on August 07.
SteelMint mentioned in the latest article dated August 06 regarding RINL, that the tender date might be extended by a couple of weeks to receive a response from importers.
RINL has today decided to extend the delivery schedule date of the material by a fortnight i.e. from September 15 to the 30th.
Last date and time for submission of bids: At 1500 hrs IST on August 12
Opening of technical bids: At 1530 hrs IST on August 12
Opening of price bids: At 1530 hrs on August 14
Validity of offer: Till August 19
Validity of BG: Till November 02
All terms and conditions of the tender remain same.
SteelMint thinks that international Pig iron takers might not participate in the tender this time also.
The last date of bids submission date has been extended by a week only, instead of least two weeks time and importers have limited requirement of the material as of now.
For more details, contact
Seema Goenka
(seema@steelmint.com)
Leave a Reply