Indian government-run steel producer Rashtriya Ispat Nigam Limited (RINL) has floated an export tender for 20,000 mt of prime rolled steel billet for delivery by January 15, its second export tonnage on offer within the past three days, company sources said on Tuesday, November 22.
The last date for submission of bids for the 90 mm x 90 mm billets has been set for November 28, with the minimum bid volume fixed at 10,000 mt, the sources said.
The delivery will be against irrevocable letter of credit without recourse and payment at sight terms, the sources said.
Earlier this week, RINL had floated an export tender for 30,000 mt of prime concast billet of 150 mm x 150 mm for delivery by December 31, against 100 percent cash advance payment.
