On 11 Aug’16, Steel Authority of India Limited (SAIL) has floated a global tender for export of prime mild steel hot rolled plates of 10,000-15,000 MT quantity.
The material will be of ASTM A36 grade or equivalent, ship building quality with size ranging between 10-63 mm. Export duty as applicable in sellers country shall be borne by the seller and other duties payable shall be borne by the buyer. Bids for the same will be open on 19 Aug’16 at 16:00 hrs and offer will be valid till 22 Aug’16.
Prices should be quoted on FoB,Vizag basis. Also, on the closure of deal with the concerned party, the shipping of the material will commence from 15 Oct’16. Prices are to be quoted per MT basis for all the markets other than Nepal, Canada, and Taiwan.
Last export tender remained unawarded
On 18 June’16, the company floated last global export tender for 10,000 MT prime mild steel hot rolled plates with scheduled technical to close on 23 June’16.
As per market sources, the last export tender remained unawarded as the bids received were lower than expected. Bids received were at USD 353/MT, FoB Vizag Port, and the expected price bid by the company was around USD 390/MT, FoB Vizag.
The company had managed to receive participation from two to three parties for its export tender.
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