Vizag Steel extends bid submission date for export tender till 10 Aug’15.
Vizag Steel, which had issued an export tender of 30,000 MT basic grade Pig iron on 13 July’15 till 30 July’15, had to extend the bid date to 10 Aug’15 owing poor response received in the event.
The company could not receive a single participation for the export tender held on 30 July’15.
Similarly, a recent export tender issued by MMTC failed to receive any bids and the company had to extend it to 11 Aug’15.
Recent fall in global Pig iron prices to USD 230-235/MT FoB Black sea in CIS nations, along with increasing billet consumption across the globe, has hit Indian export to noticeable levels.
Prices as on 04 Aug’15
| Particular | Delivery | Size/Grade | Prices | Change |
| Pig iron | FOB Brazil | Steel Grade | $ 257 | 0 |
| FOB India | Steel Grade | $ 257 | 0 | |
| FOB Black Sea | Steel Grade | $ 235 | 0 | |
| Ex-Durgapur | Steel Grade | INR 17,600 | 0 | |
| Ex-Raipur | Steel Grade | INR 18,500 | 0 | |
| Ex-Vizag | Steel Grade | INR 17,300 | – 1,400 | |
| Billet | FOB China | 125*125, BF Grade | $ 300 | + 8 |
| FOB Black Sea | 125*125, BF Grade | $ 320 | + 5 | |
| CNF Bangladesh | 125*125, BF Grade | $ 325 | + 7 | |
| CNF Turkey | 125*125, BF Grade | $335 | + 5 |
Source: SteelMint Research
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