Indian steelmaker, RINL (Rashtriya Ispat Nigam Ltd), a state-owned company at Vishakhapatnam, has invited tender for export of various steel products that include Billet, Rebar, Wire rod coil and Blooms to other countries.
The company has offered 92,000 MT Steel products in order to export to any countries except banned countries in January, 2015.
Material Description
|
Material Name |
Size (mm) |
Length (meter) |
Grade |
Qty (MT) |
Min. Quoted Qty (MT) |
|
Billet |
65×65/75×75/ |
12 |
IS 2830 Gr. A/ GOST 380 St3 SP/PS/ |
10,000 |
5,000 or multiples of 5,000 |
|
|
IS 2830Gr. A,C20MMn |
||||
|
90×90 |
|
||||
|
Rebar |
16 to 32 |
12 |
IS 1786–2008 |
6,000 |
2,000 or multiples of 2,000 |
|
Fe 500 |
|||||
|
Wire Rod Coil |
5.5 to 10/ Coil Weight: 1.2 MT |
– |
SAE 1008 / SAE 1010 |
6,000 |
2,000 or multiples of 2,000 |
|
Blooms |
150X150/ 200X200 |
12 |
IS2830 Gr.A/IS2830Gr. A C20MMn |
70,000 |
5,000 or multiples of 5,000 |
The delivery of material will be till 15 Jan, 2015 at FOB Visakhapatnam port or Gangavaram port on direct export basis.
Deadline for submission of bids will be till 01 Dec, 2014 at 15.00 hrs and technical bids will open on the same day at 15.30 hrs.
RINL’s 80,000 MT Export Tender to Africa expiring on 14 Nov, 2014
RINL has also extended date of another export tender of 80,000 MT (40,000 MT Billets & 40,000 MT Blooms) material exclusively for African countries till 14 Nov, 2014 owing to Cyclone (Hudhud), which has hindered the production of RINL in the month of October.
Falling Billet Prices in Global Market
Billet prices in the global market have been falling on the grounds of lower Scrap prices and subdued steel demand. Current Billet offers from CIS (Russia/Ukraine) are in the range of around USD 460-465/MT FOB Black sea; down by USD 20/MT in last 1-month.
Attractive offers of Chinese Billet have put pressure on Billet prices across the globe. Sources mentioned that current offers from China are USD 465-470 CIF Middle East. Last trade of slabs from India was reported at USD 485/MT FOB India.
Global Billet Prices (in USD/MT) as on Week 45 (03-09 Nov, 2014)
|
Particular |
Grade |
Delivery |
Price |
W-o-W |
M-o-M |
|
India Export |
Commercial |
FOB India |
485 |
– 15 |
– 30 |
|
CIS Export |
Commercial |
FOB Black Sea |
460 |
– 20 |
– 43 |
|
Turkey Import |
Commercial |
CNF Turkey |
480 |
– 40 |
– 50 |
|
Middle East Import |
Commercial |
CNF Abu Dhabi |
480 |
– 40 |
– 50 |
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