Rashtriya Ispat Nigam Ltd (RINL),a state owned steel producer has opened a sealed tender for export sale of MS Billets and Wire Rod to Nepal for around 5,500 Mt of Billet (IS2830) and 5,500 Mt Wire Rod (SAE1008- SAE1018).
Offer is valid up to 17th June 2013 and delivery will be completed by 10th July 2013, as mentioned in tender documents.
Current prices in Indian market are around Rs 33,500/t ( $600/t, Ex Works Vizag) 125*125 Billet of IS 2830 grade and wire rod is offered at Rs 40,000/t ($718/t ,Ex-Works Vizag)
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