14
Mar
12:20
RINL eyes billet procurement amid raw materials shortage
Indian state-run steel producer Rashtriya Ispat Nigam (RINL) has launched a global tender for the procurement of 50,000 tonnes of billet, Kallanish notes. The firm is one of India's largest billet exporters but now needs to procure on the merchant market due to a raw materials shortage.
“Sealed tenders are invited for the supply of 50,000t of billets with a shipping tolerance of +/-10% as per the specifications indicated in the tender document,” RI…
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Very good overview of the weekly steel market.
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