On 29 Aug’16, Steel Authority of India Limited (SAIL) has floated a global tender for export of prime mild steel hot rolled plates of 5,000-15,000 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 open on 02 Sept’16 at 16:00 hrs and offer will be valid till 05 Sept’16.
Prices should be quoted on FoB,Vizag basis. Also, on the closure of deal with the concerned party, the shipping of the material is scheduled by 31 Oct’16. Prices are to be quoted per MT basis for all the markets other than Nepal, Canada, and Taiwan.
SAIL cancels its 15,000 MT last export tender
On 11 Aug’16, the company had floated its global export tender for 15,000 MT prime mild steel hot rolled plates with scheduled technical to close on 19 Aug’16.
As per market sources, SAIL had canceled its plates export tender on account of low bids received from the participants. The company received bids at around USD 370-375/MT, FoB India whereas its expectations were around USD 400/MT, FoB India.
For the upcoming tender i.e. tender to be concluded on 02 Sept’16, the company still expects to receive bids around USD 395-400/MT, FoB India.
Leave a Reply