Vizag Steel, a leading state owned Pig iron producer and exporter, has issued an export tender of 25,000 MT basic grade steel making Pig iron.
It is to be noted that the company has concluded its last tender for 20,000 MT steel grade pig iron which got expired on 20 Feb’17. The company has managed to receive bids from 3 participants and the deal has been concluded at USD 297.5/MT, FOB Vizag port for March shipment according to sources.
In the fresh tender, delivery of the material is scheduled up to 31 Mar’17. Bidders can keep their offer firm and valid for acceptance by RINL until 7 Mar’17.
Synopsis of the tender
Carbon: 3.5-4.5 %
Manganese: 0.50% max
Silicon: 1.0% max
Phosphorus: 0.12% max
Sulphur: 0.05% max
Loading port: Vishakhapatnam Port or Ganagavaram Port, India
Destination: Any county other than banned countries.
Tender schedule (IST)
Due date for submitting the offer is 28 Feb’17 till 11:00 hrs.
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