India: Vizag Steel Issues Spot Sales Notice for Export of Steel Products

Rashtriya Ispat Nigam Limited (RINL)- state-owned steel maker under the Ministry of Steel, has issued spot sales notice for export of 50,000 MT Bloom.
The destination for the sales notice floated in any country other than Nepal and banned countries.

The bidders requested to kindly consider the port of loading as ‘Gangavaram port (GPL)’ only.

Specification:

Product Size (mm) Grade Quantity (MT)
 BLOOM 150×150 IS 2830 C20MMn Gr A 30,000
200×200 10,000
250×250 10,000

Global billet export offers have remained supported on the back of recent hike in global scrap prices. Last week deals for 150*150mm billets were reported at USD 410/MT, FoB India. CIS billet export offers are hovering at USD 400-405/MT, FoB Black Sea.


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