Vizag Steel – a state owned steel maker state owned steel maker under the Ministry of Steel, has invited spot sale notice for export of 10,000 MT Wire Rod and 30,000 MT Blooms
in ocean market.
As the futures in China were noted to witness a reasonable drop, the global billet prices have started declining marginally due to the disparity between bids and offers. For instance, the Indian billet offers were noted to be between USD 395-400/MT, CFR, while the bids are between USD 385-388/MT, CFR levels. The buyers were also noted to pose little resistant to CIS & Iranian billets.
SteelMint assessment for billet offers from CIS nations is at USD 350-355/MT, FoB Black Sea. While that for Iran is at USD 350-360/MT, FoB Iran.
This has created an enormous disparity in the bids and offers, especially for Indian billets. For instance, the Indian billet offers were noted to be between USD 395-400/MT, CFR, while the bids are lower than USD 385-388/MT, CFR levels.
Description of Material offered by Vizag Steel
| Product | Size | Chemical Composition | Quantity (MT) (+/-5%) |
Minimum Quantity (MT) (+/-5%) |
Bid submission Date & Time | Bid Validity | Delivery Schedule |
| Wire Rod Coils |
5.5MM | SAE 1008 Grade C:0.10 max; Mn:0.30-0.50; Si:0.25 max; P: 0.040 max; S: 0.050 max |
10,000 | 2000MT Additional in multiples of 1000MT* |
04 Jun’20, 12:00 HRS | up to 09 Jun’20 | By 15 Jul’20 |
| 6.5MM | |||||||
| Bloom | 150x150MM | 3SP & SP4 : C:0.14- 0.22; Mn:0.40-0.65; Si:0.15-0.30;P: 0.045 max; S: 0.045 max |
30,000 | 30,000 | 04 Jun’20, 1300 HRS | up to 09 Jun’20 | By 10 Jul’20 |
For more details please visit our 1.Tender section
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