Tag: BSP Defective steel auction report

India: SAIL BSP’s defective steel auction sees bid prices rise by INR 750/t ($10/t)

Sep 23, 2021

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by

Kamal Gohil

in Billet, CRC, HR Plate, HRC, INGOT, Melting Scrap, Rebar, Structure, Wire Rod

Steel Authority of India Limited (SAIL) conducted an auction from its Chhattisgarh-based Bhilai Steel Plant (BSP) for defective steel products on 21 Sep’21. The bid prices for steel blooms increased by INR 750/t ($10/t) against the previous auction conducted on 13 Sep’21. Around 6,681 tonnes (t) of defective steel were put up for auction, of…