Steel Authority of India Limited conducted an auction from its central India based Bhilai Steel Plant for defective steel products on 15 Dec ’20. The auction received a decent response with a bid price at INR 30,500/t exw, stable compared to the last auction conducted on 05 Dec ’20.
A total quantity of 25,730 t defective steel was put up for auction, out of which 25,700 t (99.88%) was sold and only 30 t remained unsold. In the previous auction held on 05 Dec ’20, the share of total sold quantity was around (91.25%)
SteelMint’s billet index stood at INR 36,500/t exw Raipur on 15 Dec’20. Prices have increased in Dec’20 on improved trades and higher input costs.
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=>Summary 15’dec
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