India: Vizag Steel Issues Spot Sale Notice for Export of 60,000 MT Blooms

 

Vizag Steel – a state owned steel maker state owned steel maker under the Ministry of Steel, has invited spot sale notice for export of 60,000 MT bloom in ocean market.

Due date : Customer who are interested for the material may send their requirement by 15:00 hrs. on 24-Apr-2020.

Port of loading : Gangavaram port (GPL)’ only.

Destination : Any country other than Nepal & banned countries

Pricing/Quotation : USD/MT on FOB Stowed Gangavaram Port Limited (GPL),Visakhapatnam

Description of Material:

Product Size (mm) Grade Chemical Composition Quantity (MT) Last date of Shipment
 BLOOM 150X150 4SP (Length-12 MTRS (+/-150 MM) C:0.17- 0.23; Mn:0.60-1.00;
Si:0.15-0.30;P: 0.045 max; S: 0.045 max
60,000 31-May-20

Note: Bidding quantity should be in multiple of 30,000 MT

Subdued domestic demand and increasing inventories amid imposed lock-down has continued to keep Indian mills active in export market. According to credible trade sources report to SteelMint, an Indian steel mill was reported to book 30,000 MT billets recently. at USD 350/MT, FoB India for end May shipment.

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