Vizag Steel has floated a tender for export of various steel products including Billet, Bloom, Rebar, Round, Structures and Wire Rod coils. The company is offering a total quantity of 178,000 MT to other countries.
The company, in the tender issued, has offered around 30,000 MT of billet and 100,000 MT of bloom, and has scheduled the delivery of material to 05 Feb’16 FoB Visakhapatnam Port or Gangavaram Port on direct export basis. Last date for bid submission is till 15 Dec’15.
There is another export tender in pipeline by Vizag steel for 90,000 MT billet/bloom specifically for ASEAN, African and Middle east countries, which is expiring on 02 Dec’15.
Last export tender held on 26 Nov’15 for 90,000 MT billet and bloom. The deal had been closed at USD 267/MT, FoB Vizag Port for bloom having Mn content 0.60-1.00%. However, base grade was kept at USD 262/MT FoB (Mn content 0.30-1.50%). The cargo is likely to be shipped to Bangladesh.
Global Billet Prices (in USD/MT) as on Week 49 ( 30 Nov-06 Dec, 2015)
| Particular | Grade | Delivery | Price | W-o-W | M-o-M |
| India Export | Commercial | FoB India | 315 | -35 | -35 |
| CIS Export | Commercial | FoB Black Sea | 275 | -7 | 7 |
| Turkey Import | Commercial | CNF Turkey | 280 | 0 | 2 |
| China Export | Commercial | FoB China | 250 | -2 | -15 |
| Bangladesh Import | Commercial | CNF Bangladesh | 265 | -3 | -10 |
Source: SteelMint
Material Description
| Material Name |
Size (mm) | Length (meter) |
Grade | Qty (MT) |
Min Quoted Qty (MT) |
| Billet | 65×65/75×75/ 90X90 |
12 | IS2830 Gr.A /IS 2830 Gr.A C20MMn | 30,000 | 5,000 or multiples of it |
| Rebar | 16 to 32 | 12 | IS 1786–2008Fe 500 | 6,000 | 2,000 or multiples of it |
| Wire Rod Coils (WRM 1) |
5.5 to 6.5/ Coil Weight: 1.2 MT |
– | SAE 1008 DQ / IS 7887 | 6,000 | 2,000 or multiples of it |
| Wire Rod Coils (WRM 2) |
5.5 to 7/ Coil Weight: 2 MT |
– | SAE1008 | 6,000 | 2,000 or multiples of it |
| Blooms | 150X150, 200X200 | 12 | IS2830 Gr.A/IS2830Gr. AC20MMn/ SAE1016/SAE 1029S/SAE1030 | 100,000 | 5,000 or multiples of it |
| Rounds | 16 to 80 | 12 | IS 2062 | 6,000 | 2,000 or multiples of it |
| Angle | 75X75 / 90X90 / 100X100 / 110X110 |
12 | IS 2062 : E250 A | 6,000 | 2,000 or multiples of it |
| Channels | 100X50, 125X65, 150X75 & 200X75 |
12 | IS 2062 : E250A | 6,000 | 2,000 or multiples of it |
| Beam | All sizes | 12 | IS 2062 : E250A | 6,000 | 2,000 or multiples of it |
| Cast Rounds | 350 | 8.4 | A 105 | 6,000 | 500 or multiples of it |
Source: SteelMint
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