Steel Authority of India Limited conducted an auction from its central India based Bhilai Steel Plant for defective steel products on 22 Sep’20. The auction noticed a slight increase of INR 150/t in bid prices compared to the last auction conducted on 12 Sep’20.
A total quantity of 18,321 t defective steel was put up for auction, out of which 12,080 t (65.93%) was sold and 6,241 t remained unsold. In previous auction held on 12 Sep’20, share of total sold quantity was around (80.78%).
SteelMint’s price index for Raipur billet increased by INR 200/t d-o-d yesterday on active trades and stood at INR 29,450/t exw Raipur. However, on weekly premise prices have softened on limited inquiries.
Highlights of the auction are as follows:
Quantity in t
Price in INR/t on EXW basis
For complete details of all other product please click here=>>BSP auction summary dtd 22 Sep’20
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