SAIL has scheduled an auction for 2,138 t of iron scrap from its Bhilai Steel Plant (BSP) on 22 Oct’21. The material is of high quality, with around 85-90% Fe recovery. At the previous auction conducted on 11 Oct, buyers had booked iron scrap (recovery rate of above 90%) at INR 43,600/t. One lot was also booked at INR 39,000/t, as per SteelMint reports.
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