Rashtriya Ispat Nigam Limited (RINL)- state-owned steel maker under the Ministry of Steel, has invited a tender for export of 10,836 MT billets, 8,127 MT wire rod and 5,418 MT bloom to Nepal.
Interested bidders can submit their bids till 19 July ‘19 at 14:00 hrs. As per the delivery schedule, the last date of delivery shall be 20 Aug’19 on Ex-Worksbasis to Nepal.
The offer given by the bidder will remain valid until 27 July ’19.
Specification:
| Product | Size (MM) | Grade | Quantity (MT) |
| Blooms | 150×150 | IS 2830 C20MMn |
5,418 |
| Billets | 90×90 | IS 2830 C20MMn |
10,836 |
| Wire rods | 5.5 | SAE 1008 | 8,127 |
Due date (Indian Standard Time): The due date for bid submission is 19 July’19 till 14:00 hrs.
For contact details view TENDER SECTION
Market Overview: Last export tender to Nepal floated by Vizag Steel (RINL) which was due on 02 Jul’19 was canceled due to low bids than expectations. The highest bid for billet was reported at USD 410-415/MT, while for Wire rod at near to USD 490/MT ex-mill. As per sources, the company was looking to conclude it higher price by USD 15-20/MT than the bids received.
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