Indian government-run steel producer Rashtriya Ispat Nigam Limited (RINL) has floated an export tender for 20,000 mt of prime steel concast billet for shipment by the end of October, company sources said on Monday, September 9.
The last date for submission of bids has been fixed for September 13, for a minimum bid volume of 10,000 mt.
Delivery will be executed against irrevocable international letter of credit payable at sight.
Significantly, this is the second billet export tender floated by RINL over the past one week, with one export offer for 30,000 mt scheduled to close for bidding on September 12.