Steel Authority of India Limited (SAIL) conducted an auction from its Central India based Bhilai Steel Plant for defective steel products on 12 Feb ’21. The auction fetched a good response on improved buying interest, sources said.
Bid prices for bloom moved up by INR 1,100/t against the previous auction conducted on 04 Feb’21.
23,021 t of defective steel was put up for auction out of which 88.72% material was sold out.
SteelMint’s billet index stood at INR 34,050/t exw Raipur on 12 Feb’21, up by INR 1,150 w-o-w on improved trades.
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
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