Indian government-run steel producer Rashtriya Ispat Nigam Limited (RINL) has floated another export tender for 30,000 mt of prime concast 150 mm steel billet for shipment by May 15, 2023, company sources said on Friday, March 17.
The last date for submission of bid has been set for March 23, for a minimum bid volume of 20,000 mt. The delivery will be completed against 100 percent advance payment.
The previous export tender of RINL for April shipment was successfully closed at a higher level, touching $600/mt FOB, but a further increase or even stability in bid prices is questionable due to the worsening of market sentiments.
