India: State-owned mill cancels billet export tender on limited participation

A domestic state-owned steel mill had floated an ocean sale export tender for 20,000 t of steel billets (90x90mm) on FOB ST. delivery basis against an irrevocable letter of credit on payment at sight terms. The due date for the tender was 28 Dec’21. Owing to limited participation, the tender has been cancelled, sources informed SteelMint.