Steel Authority of India Limited (SAIL), conducted auction from its central India based Bhilai Steel Plant (BSP) for defective steel products on 03 Dec’19.
Out of 60,731.76 MT steel put up for auction, 10,255.65MT (17 %) material was sold and 50,476.11MT remained unsold.
The bids of billet (upto 110) were assessed at INR 25,500-25,750/ MT (EXW-Bhilai). Bids remained stable against previous auction (conducted on 23 Nov) in which average price in last e-auction for similar category stood around INR 25,700/MT.
Spot billet prices in Raipur have remained range bound in last one week.
In this auction entire quantity (of Merchant mill, TMT Bar, Wire Rod, Billet, Slab) got booked.
| Product | Sold Quantity | Unsold Quantity | Bid Prices | Grand Total |
| PLATE CUTTING CAT I | 87 | 0 | 27150 | 87 |
| PLATE CUTTING CAT II | 60 | 0 | 25500 | 60 |
| PLATE CUTTING CAT-A | 1736.45 | 0 | 28400-29250 | 1736.45 |
| PLATE CUTTING B (8-20 MM) | 437.1 | 0 | 28700-29500 | 437.1 |
| PLATE CUTTING B(>20 – 40 MM) | 179 | 0 | 33150 | 179 |
| PM END SHEARING CAT I | 954 | 120 | 24750-24900 | 1074 |
| MERCHANT MILL CUTTINGS | 325.55 | 0 | 25450–25800 | 325.55 |
| TMT BAR DEFECTIVE | 316 | 0 | 25950-26100 | 316 |
| MM COBBLE | 0 | 50 | 23050 | 50 |
| WIRE ROD CUTTING | 160 | 0 | 25450 | 160 |
| WR COIL DEF | 411.15 | 136.1 | 23050-31700 | 547.25 |
| WRM TRIMMING AND CUTTING | 0 | 25 | 0 | 25 |
| RAIL CUTTING | 445 | 3337 | 23050 | 3782 |
| RAILS DEF/REJ R-52 | 150 | 0 | 24425 | 150 |
| RAILS DEF/REJ R-60 | 1181.3 | 4344.6 | 23775 | 5525.9 |
| BILLET DEF/REJ (UPTO 110) | 1841.85 | 0 | 25500-25750 | 1841.85 |
| BLOOM CC DEF/REJ | 394.05 | 33207.21 | 23050 | 33601.26 |
| BLOOM RL DEF/REJ | 0 | 8557.2 | 0 | 8557.2 |
| SLAB CC DEF/REJ | 1302.2 | 0 | 23050-24550 | 1302.2 |
| STEEL SCRAP OH GRADE | 200 | 200 | 14300 | 400 |
| TUNDISH STEEL SKULL SCRAP | 0 | 149 | 0 | 149 |
| Wear Scrap | 0 | 150 | 0 | 150 |
| NONUSABLE LOW GR STEEL | 0 | 200 | 0 | 200 |
| TURNING AND BORING FROM RTS | 25 | 0 | 25675 | 25 |
| MS TURNING AND BORING | 50 | 0 | 16050-19700 | 50 |
| Grand Total | 10255.65 | 50476.11 | 60731.76 |
Quantity in MT
Bid Prices in INR/MT
Source: SteelMint Research
Leave a Reply