Steel Authority of India Limited (SAIL) conducted an auction from its Chhattisgarh-based Bhilai Steel Plant (BSP) for defective steel products on 2 Sep’21. The bid prices for steel bloom increased by INR 250/t ($3/t) against the previous auction conducted on 25 Aug’21.
Around 10,644 tonnes (t) of defective steel were put up for auction, of which 85.71% of the material, equivalent to 9124 t, got sold.
SteelMint’s daily billet index was assessed at INR 39,900/t exw-Raipur, on 2 Sep’21.
Highlights:
Quantity in t
Price in INR/t on exw-Bhilai basis
For complete details of all other products, please click here->BSP Defective steel approval
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