India: Bids price remains stable in recent SAIL’s BSP steel auction for defective steel products

Steel Authority of India Limited (SAIL) conducted an auction from its Central India based Bhilai Steel Plant for defective steel products on 10 Mar ’21.The bid prices for bloom remains stable against the previous auction conducted on 02 Mar’21.

A total quantity of 10,942 t of defective steel was put up for auction, in which 94.06% material was sold out and 649 t remained unsold.

Next BSP defective steel auction is scheduled on 19 Mar’21 for 14,500 t.

SteelMint’s billet index stood at (Exw Raipur) = Rs 38,550(+450) on 10 Mar’21.

Highlights of the auction are as follows:

Quantity in t
Price in INR/t on EXW basis

For complete details of all other products, please click here =>BSP auction summary auction dtd 10 Mar’2

 

 


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